Sequoia Financial Advisors LLC raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 28.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,028 shares of the company's stock after purchasing an additional 5,766 shares during the quarter. Sequoia Financial Advisors LLC's holdings in British American Tobacco were worth $1,232,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of BTI. Farther Finance Advisors LLC grew its stake in British American Tobacco by 31.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,098 shares of the company's stock valued at $168,000 after purchasing an additional 971 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of British American Tobacco by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 6,681 shares of the company's stock valued at $276,000 after acquiring an additional 1,411 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of British American Tobacco by 26.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 111,922 shares of the company's stock valued at $4,630,000 after acquiring an additional 23,359 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of British American Tobacco by 16.5% in the 1st quarter. Blue Trust Inc. now owns 24,800 shares of the company's stock valued at $1,026,000 after acquiring an additional 3,520 shares during the last quarter. Finally, Live Oak Private Wealth LLC bought a new stake in shares of British American Tobacco in the 1st quarter valued at approximately $206,000. Institutional investors and hedge funds own 16.16% of the company's stock.
British American Tobacco Trading Up 0.9%
Shares of NYSE BTI opened at $51.59 on Friday. The company has a market cap of $106.01 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 3.61 and a beta of 0.42. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The stock's 50 day simple moving average is $54.86 and its 200 day simple moving average is $49.45.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on BTI shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of British American Tobacco in a report on Wednesday, October 8th. Royal Bank Of Canada downgraded British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Argus upgraded British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target for the company in a report on Monday, September 8th. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, British American Tobacco presently has an average rating of "Hold" and a consensus price target of $51.00.
Read Our Latest Stock Analysis on BTI
About British American Tobacco
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI - Free Report).
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