Sanders Morris Harris LLC Sells 5,000 Shares of British American Tobacco p.l.c. $BTI

Key Points

• Sanders Morris Harris LLC has reduced its stake in British American Tobacco p.l.c. by 48.9%, selling 5,000 shares during the second quarter.
• Institutional investors have been active in British American Tobacco, with firms like Lockheed Martin Investment Management Co. increasing their positions significantly in the first quarter.
• The stock of British American Tobacco currently has a market cap of $105.13 billion and an average target price of $51.00, while research analysts have issued mixed ratings on it.

Sanders Morris Harris LLC cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 48.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,223 shares of the company's stock after selling 5,000 shares during the period. Sanders Morris Harris LLC's holdings in British American Tobacco were worth $247,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lockheed Martin Investment Management Co. lifted its position in shares of 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 buying an additional 30,600 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of British American Tobacco during the 1st quarter valued at about $375,000. Atria Wealth Solutions Inc. lifted its position in shares of 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 buying an additional 5,745 shares in the last quarter. Todd Asset Management LLC lifted its position in shares of 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 buying an additional 157,251 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of British American Tobacco by 12.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company's stock valued at $9,650,000 after buying an additional 24,962 shares in the last quarter. Institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $51.16 on Tuesday. The stock has a 50 day moving average price of $54.72 and a 200-day moving average price of $49.64. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The stock has a market cap of $105.13 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.42.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BTI. Jefferies Financial Group initiated coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada downgraded British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Finally, Argus raised 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $51.00.

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.

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