Dynamic Technology Lab Private Ltd Takes Position in British American Tobacco p.l.c. $BTI

Dynamic Technology Lab Private Ltd bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,913 shares of the company’s stock, valued at approximately $617,000.

Other large investors also recently modified their holdings of the company. Lockheed Martin Investment Management Co. lifted its holdings in shares of British American Tobacco by 27.7% in the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after purchasing an additional 30,600 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in British American Tobacco by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company’s stock worth $2,979,000 after acquiring an additional 14,655 shares during the period. Consolidated Portfolio Review Corp bought a new stake in British American Tobacco during the first quarter worth $375,000. Atria Wealth Solutions Inc. lifted its holdings in British American Tobacco by 28.8% during the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after acquiring an additional 5,745 shares during the period. Finally, Todd Asset Management LLC lifted its holdings in British American Tobacco by 26.9% during the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock worth $30,692,000 after acquiring an additional 157,251 shares during the period. Institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent analyst reports. Barclays reiterated an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Jefferies Financial Group initiated coverage on British American Tobacco in a report on Wednesday, July 9th. They set a “buy” rating on the stock. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Monday. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Morgan Stanley restated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, British American Tobacco presently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Performance

Shares of BTI opened at $56.37 on Wednesday. The firm has a market cap of $116.11 billion, a PE ratio of 11.57, a PEG ratio of 3.86 and a beta of 0.40. The stock’s fifty day moving average price is $54.30 and its two-hundred day moving average price is $47.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a 1 year low of $34.17 and a 1 year high of $59.29.

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.