Avidian Wealth Enterprises LLC Raises Holdings in British American Tobacco p.l.c. $BTI

Avidian Wealth Enterprises LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,651 shares of the company’s stock after purchasing an additional 480 shares during the period. Avidian Wealth Enterprises LLC’s holdings in British American Tobacco were worth $646,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its stake in shares of British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after buying an additional 280 shares during the period. Golden State Wealth Management LLC boosted its position in British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after buying an additional 305 shares during the period. Mather Group LLC. grew its holdings in British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after acquiring an additional 480 shares during the last quarter. Pandora Wealth Inc. purchased a new position in shares of British American Tobacco in the first quarter valued at about $32,000. Finally, Bessemer Group Inc. raised its stake in shares of British American Tobacco by 232.4% during the first quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock valued at $45,000 after acquiring an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Down 1.5%

Shares of NYSE:BTI opened at $50.38 on Wednesday. The firm has a market capitalization of $103.53 billion, a P/E ratio of 10.35, a P/E/G ratio of 3.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The stock has a 50 day moving average price of $54.57 and a 200-day moving average price of $49.65. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group started coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued 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 objective for the company in a report on Monday, September 8th. Morgan Stanley reissued an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.00.

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.