Arkadios Wealth Advisors Buys 6,038 Shares of British American Tobacco p.l.c. $BTI

Arkadios Wealth Advisors boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,505 shares of the company’s stock after purchasing an additional 6,038 shares during the quarter. Arkadios Wealth Advisors’ holdings in British American Tobacco were worth $2,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Michels Family Financial LLC boosted its position in shares of British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock valued at $898,000 after acquiring an additional 249 shares during the last quarter. Applied Capital LLC FL boosted its position in shares of British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock valued at $963,000 after acquiring an additional 257 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of British American Tobacco by 9.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock valued at $136,000 after acquiring an additional 259 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of British American Tobacco by 4.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock valued at $266,000 after acquiring an additional 262 shares during the last quarter. Finally, Gallacher Capital Management LLC increased its stake in British American Tobacco by 2.7% in the second quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company’s stock valued at $485,000 after acquiring an additional 273 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $51.26 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a fifty-two week low of $34.24 and a fifty-two week high of $59.29. The stock has a 50 day moving average price of $53.72 and a two-hundred day moving average price of $50.21.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BTI shares. Jefferies Financial Group started coverage on British American Tobacco in a research report on Wednesday, July 9th. They issued a “buy” rating for the company. Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Morgan Stanley restated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.