PDS Planning Inc Increases Stock Position in British American Tobacco p.l.c. $BTI

PDS Planning Inc raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.9% in the 2nd quarter, Holdings Channel reports. The firm owned 7,945 shares of the company’s stock after acquiring an additional 1,029 shares during the period. PDS Planning Inc’s holdings in British American Tobacco were worth $376,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton raised its stake in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after purchasing an additional 280 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after acquiring an additional 305 shares during the last quarter. Mather Group LLC. increased its position in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after purchasing an additional 480 shares during the last quarter. Pandora Wealth Inc. bought a new position in British American Tobacco during the first quarter valued at $32,000. Finally, CX Institutional bought a new stake in shares of British American Tobacco in the 1st quarter worth about $34,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.3%

BTI opened at $51.50 on Monday. 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 firm has a market cap of $105.82 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 3.57 and a beta of 0.42. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $59.29. The stock has a fifty day moving average price of $55.39 and a 200-day moving average price of $49.21.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BTI shares. 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. Morgan Stanley reiterated 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 lowered 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 lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Five 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. Based on data from MarketBeat, British American Tobacco presently has a consensus rating of “Hold” and an average price target 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.