TD Private Client Wealth LLC Has $5.01 Million Stock Holdings in British American Tobacco p.l.c. $BTI

Key Points

• TD Private Client Wealth LLC has increased its holdings in British American Tobacco p.l.c. by 163.3%, now owning 105,819 shares valued at approximately $5.01 million as per its latest SEC filing.
• Multiple institutional investors have also adjusted their stakes in British American Tobacco, with 16.16% of the stock currently owned by institutional investors.
• A mix of analysts have provided varied ratings for British American Tobacco; the stock currently has a consensus rating of "Hold" with an average target price of $51.00.

TD Private Client Wealth LLC raised its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 163.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,819 shares of the company's stock after acquiring an additional 65,631 shares during the period. TD Private Client Wealth LLC's holdings in British American Tobacco were worth $5,008,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BTI. Park Avenue Securities LLC increased its holdings in shares of British American Tobacco by 0.7% during the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock worth $1,401,000 after buying an additional 244 shares in the last quarter. Applied Capital LLC FL increased its holdings in British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock valued at $963,000 after purchasing an additional 257 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its stake in British American Tobacco by 1.6% in the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock worth $691,000 after purchasing an additional 258 shares in the last quarter. Gallacher Capital Management LLC lifted its position in British American Tobacco by 2.7% during the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company's stock worth $485,000 after buying an additional 273 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its stake in shares of British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after acquiring an additional 278 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BTI. Jefferies Financial Group initiated coverage on British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. Royal Bank Of Canada cut British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Argus raised shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective on the stock in a research note on Monday, September 8th. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $51.00.

British American Tobacco Stock Down 1.4%

Shares of British American Tobacco stock opened at $53.13 on Wednesday. The firm has a market cap of $109.32 billion, a PE ratio of 10.91, a P/E/G ratio of 3.70 and a beta of 0.40. The business's 50 day simple moving average is $55.50 and its 200 day simple moving average is $48.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29.

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.

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