Wealth Alliance LLC Has $1.38 Million Stock Position in British American Tobacco p.l.c. $BTI

Wealth Alliance LLC grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 391.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,212 shares of the company’s stock after acquiring an additional 23,262 shares during the quarter. Wealth Alliance LLC’s holdings in British American Tobacco were worth $1,383,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BTI. Mission Wealth Management LP lifted its stake in shares of British American Tobacco by 2.1% in the 2nd quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after purchasing an additional 226 shares during the last quarter. Michels Family Financial LLC lifted its holdings in shares of British American Tobacco by 1.3% during the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after buying an additional 249 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of British American Tobacco by 9.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after acquiring an additional 259 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in British American Tobacco by 4.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock valued at $266,000 after purchasing an additional 262 shares during the period. Finally, Gallacher Capital Management LLC grew its position in British American Tobacco by 2.7% in the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company’s stock worth $485,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent research reports. Morgan Stanley reissued an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Stock Performance

British American Tobacco stock opened at $55.82 on Wednesday. British American Tobacco p.l.c. has a fifty-two week low of $34.82 and a fifty-two week 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. The company’s 50 day simple moving average is $53.23 and its 200 day simple moving average is $50.98.

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.