Janney Montgomery Scott LLC Boosts Stock Position in British American Tobacco p.l.c. $BTI

Key Points

• Janney Montgomery Scott LLC increased its stake in British American Tobacco by 66.1%, owning 108,617 shares valued at approximately $5.14 million.
• Several other institutional investors have also increased their holdings, with notable stakes raised by firms like Rosenberg Matthew Hamilton and Golden State Wealth Management during the first quarter of the year.
• Analyst ratings for British American Tobacco are mixed, with five analysts rated as Buy, one as Hold, and two as Sell, reflecting varied perspectives on the stock's future performance.

Janney Montgomery Scott LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 66.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,617 shares of the company's stock after buying an additional 43,229 shares during the period. Janney Montgomery Scott LLC's holdings in British American Tobacco were worth $5,141,000 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. Rosenberg Matthew Hamilton raised its stake in British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after purchasing an additional 280 shares during the period. Golden State Wealth Management LLC raised its stake in British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock valued at $25,000 after purchasing an additional 305 shares during the period. Mather Group LLC. raised its stake in British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after purchasing an additional 480 shares during the period. Pandora Wealth Inc. bought a new stake in British American Tobacco during the 1st quarter valued at approximately $32,000. Finally, CX Institutional bought a new stake in British American Tobacco during the 1st quarter valued at approximately $34,000. Institutional investors own 16.16% of the company's stock.

Wall Street Analyst Weigh In

BTI has been the topic of several recent analyst reports. Morgan Stanley reissued an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Jefferies Financial Group started coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of British American Tobacco in a report on Saturday, September 27th. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $51.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $51.17 on Tuesday. The stock's fifty day moving average is $55.54 and its two-hundred day moving average is $48.91. The company has a market capitalization of $105.28 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week high of $59.29.

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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