VSM Wealth Advisory LLC Acquires 1,451 Shares of British American Tobacco p.l.c. $BTI

VSM Wealth Advisory LLC grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3,921.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,488 shares of the company’s stock after acquiring an additional 1,451 shares during the quarter. VSM Wealth Advisory LLC’s holdings in British American Tobacco were worth $70,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pandora Wealth Inc. bought a new position in shares of British American Tobacco in the 1st quarter worth about $32,000. State of Wyoming bought a new position in shares of British American Tobacco during the first quarter valued at approximately $57,000. UMB Bank n.a. lifted its holdings in shares of British American Tobacco by 36.4% during the second quarter. UMB Bank n.a. now owns 1,371 shares of the company’s stock valued at $65,000 after purchasing an additional 366 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of British American Tobacco by 279.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,475 shares of the company’s stock worth $70,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of British American Tobacco in the 2nd quarter worth approximately $73,000. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the subject of a number of recent research reports. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Monday, September 8th. Morgan Stanley reissued an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Stock Performance

BTI opened at $54.88 on Wednesday. The company’s 50-day simple moving average is $53.12 and its two-hundred day simple moving average is $51.39. 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 $34.82 and a 52-week high of $59.29.

About British American Tobacco

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.