GW Henssler & Associates Ltd. Acquires 24,803 Shares of British American Tobacco p.l.c. $BTI

Key Points

• GW Henssler & Associates Ltd. increased its stake in British American Tobacco by 6.7%, acquiring 24,803 shares and now holds a total of 392,889 shares valued at approximately $16.25 million.
• Institutional interest in British American Tobacco is rising, with GQG Partners LLC significantly boosting its holdings by 59.8% to over 9.5 million shares.
• British American Tobacco's stock has seen a price range from a 12-month low of $34.17 to a high of $59.29, currently trading around $56.85.

GW Henssler & Associates Ltd. boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,889 shares of the company's stock after purchasing an additional 24,803 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in British American Tobacco were worth $16,254,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. boosted its stake in British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company's stock valued at $5,833,000 after purchasing an additional 30,600 shares during the period. BNP Paribas Financial Markets boosted its stake in British American Tobacco by 21.8% during the 4th quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock valued at $2,979,000 after purchasing an additional 14,655 shares during the period. Consolidated Portfolio Review Corp bought a new stake in British American Tobacco during the 1st quarter valued at approximately $375,000. Atria Wealth Solutions Inc. boosted its stake in British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock valued at $1,074,000 after purchasing an additional 5,745 shares during the period. Finally, Todd Asset Management LLC boosted its stake in British American Tobacco by 26.9% during the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock valued at $30,692,000 after purchasing an additional 157,251 shares during the period. Institutional investors own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Morgan Stanley reaffirmed an "underweight" rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Jefferies Financial Group assumed coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada cut British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.00.

British American Tobacco Price Performance

Shares of BTI traded up $0.38 during mid-day trading on Thursday, reaching $55.46. The company had a trading volume of 4,149,063 shares, compared to its average volume of 5,689,527. The company has a market capitalization of $114.23 billion, a P/E ratio of 11.39, a P/E/G ratio of 3.91 and a beta of 0.40. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The company's 50-day moving average is $53.60 and its 200-day moving average is $46.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

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.