Signature Estate & Investment Advisors LLC Purchases Shares of 10,793 British American Tobacco p.l.c. $BTI

Key Points

• Signature Estate & Investment Advisors LLC acquired 10,793 shares of British American Tobacco valued at approximately $446,000, indicating growing interest from institutional investors.
• Multiple hedge funds, including Lockheed Martin Investment Management Co. and BNP Paribas Financial Markets, have increased their stakes in British American Tobacco, showcasing overall positive sentiment among institutional investors.
• Analysts have mixed reviews on the stock, with the current consensus rating being a "Hold" and an average target price of $51.00, underlining uncertainty in future performance.

Signature Estate & Investment Advisors LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,793 shares of the company's stock, valued at approximately $446,000.

Other hedge funds also recently bought and sold shares of the company. Lockheed Martin Investment Management Co. raised its position in British American Tobacco by 27.7% in 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 in the last quarter. BNP Paribas Financial Markets raised its position in shares of British American Tobacco by 21.8% during the 4th quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock worth $2,979,000 after acquiring an additional 14,655 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of British American Tobacco during the 1st quarter worth about $375,000. Atria Wealth Solutions Inc. raised 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 worth $1,074,000 after acquiring an additional 5,745 shares in the last quarter. Finally, Todd Asset Management LLC raised 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 worth $30,692,000 after acquiring an additional 157,251 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BTI shares. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Jefferies Financial Group started coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Morgan Stanley reissued an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Finally, Argus upgraded British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target on the stock in a research note on Monday. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $51.00.

British American Tobacco Trading Up 0.3%

NYSE:BTI opened at $56.37 on Wednesday. The stock's 50 day moving average price is $54.30 and its 200 day moving average price is $47.05. The company has a market capitalization of $116.11 billion, a PE ratio of 11.57, a P/E/G ratio of 3.86 and a beta of 0.40. 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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