British American Tobacco p.l.c. $BTI Stock Position Lowered by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC reduced its stake in British American Tobacco p.l.c. by 2.5%, selling 7,645 shares and owning 293,969 shares valued at approximately $13.9 million at the end of the 2nd quarter.
• Several large investors, including Rosenberg Matthew Hamilton and Golden State Wealth Management LLC, have significantly increased their holdings in British American Tobacco, reflecting growing confidence in the stock.
• Analyst assessments of British American Tobacco are mixed, with Barclays maintaining an "overweight" rating while other firms, including Morgan Stanley, have issued lower ratings, highlighting a consensus rating of "Hold" with a target price of $51.00.

U.S. Capital Wealth Advisors LLC trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 293,969 shares of the company's stock after selling 7,645 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in British American Tobacco were worth $13,914,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of British American Tobacco by 0.7% during the 1st 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 lifted its position in shares of British American Tobacco by 1.1% during the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock valued at $963,000 after buying an additional 257 shares during the last quarter. Elevation Point Wealth Partners LLC raised its stake in shares of British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock worth $691,000 after acquiring an additional 258 shares in the last quarter. Gallacher Capital Management LLC increased its position in shares of British American Tobacco by 2.7% during the second quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company's stock worth $485,000 after purchasing an additional 273 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after acquiring an additional 278 shares in the last quarter. Institutional investors own 16.16% of the company's stock.

British American Tobacco Trading Down 1.4%

NYSE:BTI traded down $0.77 on Monday, hitting $53.93. 3,637,419 shares of the stock were exchanged, compared to its average volume of 4,110,747. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.29. The stock has a fifty day moving average of $55.47 and a 200-day moving average of $48.13. The stock has a market cap of $110.96 billion, a PE ratio of 11.07, a PEG ratio of 3.76 and a beta of 0.40.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating for the company. 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. Morgan Stanley reissued an "underweight" rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. 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 report on Monday, September 8th. Finally, Barclays reiterated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.