British American Tobacco p.l.c. $BTI Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 8.1% in the 2nd quarter, Holdings Channel reports. The firm owned 533,910 shares of the company’s stock after selling 47,096 shares during the period. Osaic Holdings Inc.’s holdings in British American Tobacco were worth $25,229,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Western Wealth Management LLC lifted its position in British American Tobacco by 2.5% during the 2nd quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock worth $410,000 after acquiring an additional 208 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of British American Tobacco by 1.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock worth $915,000 after buying an additional 223 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of British American Tobacco by 2.1% during the second quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after acquiring an additional 226 shares during the last quarter. Michels Family Financial LLC boosted its stake in shares of British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after purchasing an additional 249 shares during the last quarter. Finally, ICONIQ Capital LLC raised its position in shares of British American Tobacco by 2.1% in the second quarter. ICONIQ Capital LLC now owns 12,681 shares of the company’s stock valued at $600,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.2%

Shares of BTI stock opened at $57.19 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average of $54.55 and a two-hundred day moving average of $53.32. British American Tobacco p.l.c. has a 1 year low of $34.82 and a 1 year high of $59.29.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Monday, September 8th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” 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.