GC Wealth Management RIA LLC Cuts Stock Holdings in British American Tobacco p.l.c. $BTI

GC Wealth Management RIA LLC reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,982 shares of the company’s stock after selling 561 shares during the period. GC Wealth Management RIA LLC’s holdings in British American Tobacco were worth $378,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its holdings in British American Tobacco by 100.0% during 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 in the last quarter. Rosenberg Matthew Hamilton raised its holdings in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after purchasing an additional 280 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after purchasing an additional 278 shares in the last quarter. Mather Group LLC. raised its holdings in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 480 shares in the last quarter. Finally, Pandora Wealth Inc. acquired a new position in British American Tobacco during the first quarter worth about $32,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.00.

British American Tobacco Stock Down 1.6%

BTI stock opened at $52.25 on Thursday. The company’s 50 day simple moving average is $55.58 and its 200-day simple moving average is $48.59. The firm has a market capitalization of $107.49 billion, a PE ratio of 10.73, a P/E/G ratio of 3.64 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 debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

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.