AMG National Trust Bank Has $3.12 Million Position in British American Tobacco p.l.c. $BTI

AMG National Trust Bank reduced its stake in British American Tobacco p.l.c. (NYSE:BTI) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,882 shares of the company’s stock after selling 13,934 shares during the period. AMG National Trust Bank’s holdings in British American Tobacco were worth $3,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BTI. Bessemer Group Inc. boosted its stake in shares of British American Tobacco by 232.4% in the 1st quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock valued at $45,000 after purchasing an additional 781 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after buying an additional 305 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in British American Tobacco by 8.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,891 shares of the company’s stock valued at $941,000 after buying an additional 1,818 shares during the last quarter. Mather Group LLC. raised its holdings in British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after buying an additional 480 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in British American Tobacco by 15.7% in the 1st quarter. Private Trust Co. NA now owns 2,098 shares of the company’s stock valued at $87,000 after buying an additional 285 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

British American Tobacco stock opened at $51.25 on Friday. 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 $34.24 and a 52-week high of $59.29. The firm has a 50 day moving average price of $53.58 and a two-hundred day moving average price of $50.28.

Analysts Set New Price Targets

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

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.