IFP Advisors Inc Boosts Holdings in British American Tobacco p.l.c. $BTI

IFP Advisors Inc boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,600 shares of the company’s stock after acquiring an additional 845 shares during the period. IFP Advisors Inc’s holdings in British American Tobacco were worth $833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Michels Family Financial LLC raised its holdings in shares of British American Tobacco by 1.3% in the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after buying an additional 249 shares during the last quarter. Applied Capital LLC FL grew its position in 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 period. Elevation Point Wealth Partners LLC grew its position in British American Tobacco by 1.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company’s stock valued at $691,000 after buying an additional 258 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in British American Tobacco by 9.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock valued at $136,000 after buying an additional 259 shares during the period. Finally, Capital Investment Advisors LLC grew its position in shares of British American Tobacco by 4.9% in the second quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock valued at $266,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 1.5%

NYSE BTI opened at $50.79 on Tuesday. The firm has a 50 day moving average of $55.29 and a two-hundred day moving average of $49.29. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week high of $59.29. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $104.37 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BTI. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Argus raised shares of 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. Jefferies Financial Group started coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.