Checchi Capital Advisers LLC Lowers Stock Holdings in British American Tobacco p.l.c. $BTI

Checchi Capital Advisers LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,616 shares of the company’s stock after selling 336 shares during the quarter. Checchi Capital Advisers LLC’s holdings in British American Tobacco were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in British American Tobacco by 23.4% in the 2nd quarter. QRG Capital Management Inc. now owns 240,548 shares of the company’s stock worth $11,385,000 after acquiring an additional 45,662 shares in the last quarter. WT Asset Management Ltd acquired a new stake in British American Tobacco in the 2nd quarter worth about $37,850,000. Jackson Wealth Management LLC purchased a new stake in British American Tobacco during the 2nd quarter worth approximately $1,289,000. Stock Yards Bank & Trust Co. raised its holdings in shares of British American Tobacco by 63.3% during the second quarter. Stock Yards Bank & Trust Co. now owns 10,068 shares of the company’s stock valued at $477,000 after acquiring an additional 3,904 shares during the last quarter. Finally, Ascent Group LLC lifted its position in shares of British American Tobacco by 1.5% in the second quarter. Ascent Group LLC now owns 26,245 shares of the company’s stock valued at $1,242,000 after acquiring an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the topic of a number of research reports. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research report on Saturday, September 27th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco has an average rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Trading Down 0.1%

Shares of BTI stock opened at $51.17 on Tuesday. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The firm has a market cap of $105.28 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The company has a 50-day moving average of $55.54 and a two-hundred day moving average of $48.91. 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 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.