PDS Planning Inc Boosts Stake in British American Tobacco p.l.c. $BTI

PDS Planning Inc increased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 14.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,945 shares of the company’s stock after buying an additional 1,029 shares during the quarter. PDS Planning Inc’s holdings in British American Tobacco were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BTI. Rosenberg Matthew Hamilton grew its stake in shares of British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after acquiring an additional 280 shares during the period. Golden State Wealth Management LLC boosted its holdings in British American Tobacco by 100.0% in 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. Mather Group LLC. grew its position in British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 480 shares during the period. Pandora Wealth Inc. purchased a new stake in British American Tobacco during the 1st quarter valued at $32,000. Finally, CX Institutional bought a new position in shares of British American Tobacco during the 1st quarter valued at $34,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.3%

Shares of NYSE:BTI opened at $51.50 on Monday. The stock has a 50 day moving average of $55.39 and a 200 day moving average of $49.21. The company has a market cap of $105.82 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

A number of analysts recently commented on BTI shares. Jefferies Financial Group began coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Morgan Stanley restated an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Monday, September 8th. Finally, Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.00.

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.