GW Henssler & Associates Ltd. Acquires 3,066 Shares of British American Tobacco p.l.c. $BTI

GW Henssler & Associates Ltd. grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 395,955 shares of the company’s stock after acquiring an additional 3,066 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in British American Tobacco were worth $18,741,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BTI. Farther Finance Advisors LLC increased its holdings in shares of British American Tobacco by 31.1% in the first quarter. Farther Finance Advisors LLC now owns 4,098 shares of the company’s stock worth $168,000 after acquiring an additional 971 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of British American Tobacco by 7.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 15,381 shares of the company’s stock worth $636,000 after buying an additional 1,019 shares during the period. GAMMA Investing LLC boosted its position in shares of British American Tobacco by 26.8% during the first quarter. GAMMA Investing LLC now owns 6,681 shares of the company’s stock worth $276,000 after buying an additional 1,411 shares during the period. CX Institutional acquired a new position in shares of British American Tobacco during the first quarter worth about $34,000. Finally, Fifth Third Bancorp boosted its position in shares of British American Tobacco by 29.4% during the first quarter. Fifth Third Bancorp now owns 14,253 shares of the company’s stock worth $590,000 after buying an additional 3,241 shares during the period. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $51.50 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week high of $59.29. The stock has a 50 day moving average price of $55.39 and a 200 day moving average price of $49.16. The stock has a market capitalization of $105.82 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42.

Wall Street Analyst Weigh In

BTI has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Monday, September 8th. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Finally, Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco presently has a consensus rating of “Hold” and an average price target 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.