Beverly Hills Private Wealth LLC Has $349,000 Holdings in British American Tobacco p.l.c. $BTI

Beverly Hills Private Wealth LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 12.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,383 shares of the company’s stock after purchasing an additional 817 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in British American Tobacco were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BTI. Michels Family Financial LLC raised its stake 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 acquiring an additional 249 shares during the last quarter. Applied Capital LLC FL raised its stake in shares of British American Tobacco by 1.1% in the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock worth $963,000 after acquiring an additional 257 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of British American Tobacco by 9.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after acquiring an additional 259 shares during the last quarter. Capital Investment Advisors LLC raised its stake 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 worth $266,000 after acquiring an additional 262 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its stake in shares of British American Tobacco by 2.7% in the second quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company’s stock worth $485,000 after acquiring an additional 273 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in 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. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Monday, September 8th. Morgan Stanley reissued an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Finally, Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Down 0.9%

Shares of NYSE BTI opened at $51.16 on Tuesday. The stock has a market cap of $105.13 billion, a P/E ratio of 10.51, a P/E/G ratio of 3.64 and a beta of 0.42. The firm has a 50 day moving average price of $54.72 and a 200 day moving average price of $49.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29.

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.