Citizens National Bank Trust Department Has $1.96 Million Stake in British American Tobacco p.l.c. $BTI

Key Points

• Citizens National Bank Trust Department has increased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 13.4%, acquiring an additional 4,905 shares, now holding a total of 41,385 shares valued at approximately $1.96 million.
• Several institutional investors are actively adjusting their positions in British American Tobacco, with 16.16% of the company's stock now owned by institutional investors.
• Analysts' ratings for British American Tobacco vary, with a consensus average rating of "Hold" and a price target set at $51.00, reflecting mixed sentiments in the market.

Citizens National Bank Trust Department increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 13.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,385 shares of the company's stock after acquiring an additional 4,905 shares during the period. Citizens National Bank Trust Department's holdings in British American Tobacco were worth $1,959,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of British American Tobacco by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock worth $1,401,000 after buying an additional 244 shares during the period. Michels Family Financial LLC raised its holdings in British American Tobacco by 1.3% in the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company's stock worth $898,000 after purchasing an additional 249 shares during the period. Applied Capital LLC FL grew its holdings in shares of British American Tobacco by 1.1% in the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock valued at $963,000 after buying an additional 257 shares during the period. Elevation Point Wealth Partners LLC raised its stake in British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock worth $691,000 after buying an additional 258 shares during the period. Finally, Capital Investment Advisors LLC grew its stake in British American Tobacco by 4.9% in the second quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company's stock valued at $266,000 after acquiring an additional 262 shares during the period. Institutional investors own 16.16% of the company's stock.

Analysts Set New Price Targets

BTI has been the subject of several research analyst reports. Jefferies Financial Group started coverage on British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of British American Tobacco in a report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $51.00.

British American Tobacco Trading Up 1.7%

NYSE BTI opened at $52.03 on Wednesday. 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 has a 50 day moving average of $55.53 and a 200-day moving average of $48.94. The company has a market cap of $107.05 billion, a PE ratio of 10.68, a PEG ratio of 3.55 and a beta of 0.42.

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.

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