Wealth Enhancement Advisory Services LLC Decreases Stake in British American Tobacco p.l.c. $BTI

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in British American Tobacco by 5.2% in Q2, now owning 106,142 shares worth approximately $5.1 million.
• Several institutional investors increased their stakes in British American Tobacco, with notable increases of 87% by Rosenberg Matthew Hamilton and 100% by Golden State Wealth Management.
• Analysts have varying ratings on BTI, with Royal Bank Of Canada downgrading it to "underperform," while Argus upgraded it to "buy" with a price target of $62.00.

Wealth Enhancement Advisory Services LLC lessened its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 106,142 shares of the company's stock after selling 5,780 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in British American Tobacco were worth $5,135,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its stake in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after purchasing an additional 280 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after purchasing an additional 305 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after purchasing an additional 278 shares during the last quarter. Mather Group LLC. lifted its stake in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after purchasing an additional 480 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in British American Tobacco during the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on BTI shares. 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. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. 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. Finally, Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $51.00.

British American Tobacco Trading Down 1.5%

NYSE:BTI opened at $52.37 on Thursday. The stock's 50 day simple moving average is $55.50 and its 200-day simple moving average is $48.20. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29. The firm has a market cap of $107.74 billion, a P/E ratio of 10.75, a PEG ratio of 3.65 and a beta of 0.40. 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 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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