Ritholtz Wealth Management Has $6.64 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

Ritholtz Wealth Management lowered its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,527 shares of the company's stock after selling 13,704 shares during the quarter. Ritholtz Wealth Management's holdings in British American Tobacco were worth $6,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC boosted its holdings in shares of British American Tobacco by 30.9% in the 4th quarter. Savant Capital LLC now owns 10,392 shares of the company's stock worth $377,000 after acquiring an additional 2,456 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of British American Tobacco by 7.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 21,073 shares of the company's stock worth $770,000 after purchasing an additional 1,409 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of British American Tobacco by 6.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 21,901 shares of the company's stock valued at $795,000 after buying an additional 1,280 shares in the last quarter. ABC Arbitrage SA acquired a new position in British American Tobacco during the 4th quarter worth about $31,480,000. Finally, Rhumbline Advisers increased its position in British American Tobacco by 7.9% in the 4th quarter. Rhumbline Advisers now owns 5,458 shares of the company's stock valued at $198,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 0.9%

NYSE:BTI traded up $0.42 during trading hours on Monday, reaching $49.22. 3,203,418 shares of the stock were exchanged, compared to its average volume of 5,132,094. The stock has a market cap of $101.74 billion, a PE ratio of 10.11 and a beta of 0.31. British American Tobacco p.l.c. has a twelve month low of $30.53 and a twelve month high of $49.57. The firm has a 50 day moving average of $43.74 and a 200 day moving average of $40.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BTI shares. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Bank of America started coverage on British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

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.