British American Tobacco p.l.c. $BTI is Arlington Partners LLC's 10th Largest Position

Key Points

• Arlington Partners LLC reduced its stake in British American Tobacco by 17.4%, resulting in ownership of 99,479 shares, making it the firm's 10th largest position valued at $4.7 million.
• Analyst ratings for British American Tobacco have been mixed, with Barclays maintaining an "overweight" rating, while Royal Bank of Canada downgraded it to "underperform" and Morgan Stanley set a price target of $40.00.
• The stock currently has an average rating of "Hold" with a consensus price target of $51.00, reflecting varied investor sentiment.

Arlington Partners LLC reduced its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,479 shares of the company's stock after selling 21,013 shares during the quarter. British American Tobacco makes up about 1.7% of Arlington Partners LLC's investment portfolio, making the stock its 10th largest holding. Arlington Partners LLC's holdings in British American Tobacco were worth $4,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. lifted its stake in British American Tobacco by 27.7% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company's stock worth $5,833,000 after purchasing an additional 30,600 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in British American Tobacco in the first quarter worth $375,000. Atria Wealth Solutions Inc. boosted its stake in shares of British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock worth $1,074,000 after purchasing an additional 5,745 shares during the period. Todd Asset Management LLC grew its stake in shares of British American Tobacco by 26.9% during the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock valued at $30,692,000 after buying an additional 157,251 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in British American Tobacco by 12.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company's stock valued at $9,650,000 after acquiring an additional 24,962 shares during the last quarter. Institutional investors own 16.16% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BTI shares. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Morgan Stanley reissued an "underweight" rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Finally, Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, British American Tobacco currently has an average rating of "Hold" and a consensus price target of $51.00.

British American Tobacco Stock Down 1.4%

Shares of British American Tobacco stock traded down $0.77 on Monday, reaching $53.93. The stock had a trading volume of 3,637,419 shares, compared to its average volume of 4,110,747. British American Tobacco p.l.c. has a 1 year low of $34.17 and a 1 year high of $59.29. The company has a 50 day moving average price of $55.47 and a 200 day moving average price of $48.13. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $110.96 billion, a P/E ratio of 11.07, a P/E/G ratio of 3.76 and a beta of 0.40.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.