Wealth Enhancement Advisory Services LLC Trims Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Wealth Enhancement Advisory Services LLC decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 48.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,563 shares of the company's stock after selling 83,228 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in British American Tobacco were worth $3,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Optas LLC purchased a new stake in British American Tobacco during the 4th quarter worth about $225,000. Lockheed Martin Investment Management Co. acquired a new position in shares of British American Tobacco during the fourth quarter worth about $4,010,000. YANKCOM Partnership purchased a new stake in shares of British American Tobacco during the fourth quarter worth approximately $441,000. Kingsview Wealth Management LLC raised its holdings in British American Tobacco by 6.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 13,288 shares of the company's stock valued at $483,000 after acquiring an additional 789 shares in the last quarter. Finally, D Orazio & Associates Inc. lifted its stake in British American Tobacco by 6.8% in the fourth quarter. D Orazio & Associates Inc. now owns 12,721 shares of the company's stock worth $462,000 after acquiring an additional 809 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on BTI shares. Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating on the stock. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, British American Tobacco presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Stock Up 0.7%

BTI stock traded up $0.35 during trading on Friday, hitting $47.79. 6,273,991 shares of the company's stock were exchanged, compared to its average volume of 5,065,808. The business has a 50-day moving average price of $42.81 and a two-hundred day moving average price of $39.99. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $98.79 billion, a price-to-earnings ratio of 9.81 and a beta of 0.32. British American Tobacco p.l.c. has a 52-week low of $30.29 and a 52-week high of $47.86.

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.