Blue Trust Inc. Has $1.32 Million Stock Holdings in British American Tobacco p.l.c. $BTI

Blue Trust Inc. increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 12.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 27,948 shares of the company’s stock after acquiring an additional 3,148 shares during the quarter. Blue Trust Inc.’s holdings in British American Tobacco were worth $1,323,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Lockheed Martin Investment Management Co. lifted its position in shares of British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after purchasing an additional 30,600 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new position in British American Tobacco in the 1st quarter valued at approximately $375,000. Atria Wealth Solutions Inc. raised its holdings in British American Tobacco by 28.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after acquiring an additional 5,745 shares in the last quarter. Todd Asset Management LLC raised its holdings in British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after acquiring an additional 157,251 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in British American Tobacco by 12.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock valued at $9,650,000 after acquiring an additional 24,962 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BTI shares. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. 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 research note on Monday, September 8th. Finally, Jefferies Financial Group began coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Stock Up 0.3%

NYSE BTI opened at $51.50 on Friday. The firm has a market cap of $105.82 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 3.56 and a beta of 0.42. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29. The stock’s 50 day simple moving average is $55.39 and its 200 day simple moving average is $49.10. 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.