SG Americas Securities LLC Has $6.51 Million Stake in British American Tobacco p.l.c. $BTI

SG Americas Securities LLC trimmed its stake in British American Tobacco p.l.c. (NYSE:BTI) by 85.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,264 shares of the company’s stock after selling 628,423 shares during the period. SG Americas Securities LLC’s holdings in British American Tobacco were worth $6,506,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Command Advisory Services Inc. boosted its position in British American Tobacco by 1,386.7% in the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after buying an additional 416 shares in the last quarter. Glen Eagle Advisors LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at $26,000. Cary Street Partners Financial LLC bought a new position in shares of British American Tobacco in the second quarter valued at about $30,000. SHP Wealth Management bought a new position in shares of British American Tobacco in the fourth quarter valued at about $35,000. Finally, Cornerstone Planning Group LLC lifted its position in British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BTI. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Trading Up 0.1%

NYSE:BTI opened at $62.83 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 1-year low of $46.38 and a 1-year high of $67.30. The business’s 50-day moving average price is $60.82 and its two-hundred day moving average price is $59.44.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.