WESPAC Advisors LLC Makes New $1.04 Million Investment in British American Tobacco p.l.c. $BTI

Key Points

• WESPAC Advisors LLC has invested approximately $1.04 million in British American Tobacco p.l.c., acquiring 21,883 shares during the second quarter.
• Several hedge funds increased their stakes in British American Tobacco, with a notable investment of $2.99 million from Country Club Bank.
• Analyst ratings for British American Tobacco vary, with five analysts giving it a Buy rating and a consensus target price of $51.00.

WESPAC Advisors LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,883 shares of the company's stock, valued at approximately $1,036,000.

Several other hedge funds have also modified their holdings of BTI. Citizens National Bank Trust Department raised its holdings in British American Tobacco by 13.4% in the second quarter. Citizens National Bank Trust Department now owns 41,385 shares of the company's stock valued at $1,959,000 after buying an additional 4,905 shares during the period. Venturi Wealth Management LLC grew its position in shares of British American Tobacco by 2.9% during the second quarter. Venturi Wealth Management LLC now owns 13,698 shares of the company's stock worth $648,000 after buying an additional 385 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in British American Tobacco by 10.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 12,813 shares of the company's stock worth $606,000 after purchasing an additional 1,222 shares during the period. Bingham Private Wealth LLC acquired a new position in British American Tobacco in the second quarter worth $229,000. Finally, Country Club Bank acquired a new position in British American Tobacco in the second quarter worth $2,997,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of British American Tobacco in a report on Saturday, September 27th. 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 note on Monday, September 8th. Finally, Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, British American Tobacco presently has a consensus rating of "Hold" and a consensus target price of $51.00.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $52.03 on Wednesday. The business has a fifty day simple moving average of $55.53 and a 200 day simple moving average of $48.94. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29. The firm has a market capitalization of $107.05 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 3.55 and a beta of 0.42. 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 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.

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