First Bank & Trust Has $2.15 Million Position in British American Tobacco p.l.c. $BTI

Key Points

• First Bank & Trust increased its stake in British American Tobacco p.l.c. by 87.4%, acquiring a total of 45,370 shares worth approximately $2.15 million.
• Several institutional investors are showing increased interest in British American Tobacco, with notable increases from Rosenberg Matthew Hamilton and Golden State Wealth Management, both around 87% in Q1.
• Analysts have mixed views on British American Tobacco, with five analysts rating it as a Buy and others downgrading it to Hold or Underperform, reflecting uncertainty in its market outlook.

First Bank & Trust lifted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 87.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,370 shares of the company's stock after acquiring an additional 21,164 shares during the quarter. First Bank & Trust's holdings in British American Tobacco were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BTI. Rosenberg Matthew Hamilton increased its position in British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after purchasing an additional 280 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock valued at $25,000 after buying an additional 305 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after buying an additional 278 shares during the last quarter. Mather Group LLC. raised its position in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after acquiring an additional 480 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in British American Tobacco in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Trading Down 1.0%

Shares of British American Tobacco stock opened at $56.03 on Tuesday. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29. The firm has a market capitalization of $115.28 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 3.89 and a beta of 0.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The company's fifty day moving average price is $54.97 and its two-hundred day moving average price is $47.61.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Finally, Morgan Stanley restated an "underweight" rating and issued a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $51.00.

British American Tobacco 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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