Lantz Financial LLC Acquires Shares of 8,568 British American Tobacco p.l.c. $BTI

Key Points

• Lantz Financial LLC purchased 8,568 shares of British American Tobacco p.l.c., valued at approximately $406,000, during the second quarter.
• A variety of hedge funds, including AA Financial Advisors LLC and Kingstone Capital Partners, have also increased their stakes in British American Tobacco during the same period.
• British American Tobacco's stock is currently rated as a "Hold" by analysts, with an average target price of $51.00.

Lantz Financial LLC bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,568 shares of the company's stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BTI. Rosenberg Matthew Hamilton increased its position in shares of 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 last quarter. Golden State Wealth Management LLC increased its position in shares of 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 last quarter. Ameriflex Group Inc. purchased a new stake in shares of British American Tobacco during the 4th quarter valued at about $26,000. Financial Management Professionals Inc. increased its position in shares of British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of 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 last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Performance

NYSE BTI traded down $0.22 on Friday, reaching $54.70. 5,494,046 shares of the stock were exchanged, compared to its average volume of 4,077,694. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29. The firm has a market capitalization of $112.54 billion, a PE ratio of 11.23, a PEG ratio of 3.76 and a beta of 0.40. The company's 50-day simple moving average is $55.42 and its two-hundred day simple moving average is $47.99. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Royal Bank Of Canada lowered shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Morgan Stanley restated 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 initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Finally, Argus upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $51.00.

About British American Tobacco

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.