Trust Co. of Vermont Invests $73,000 in British American Tobacco p.l.c. $BTI

Trust Co. of Vermont acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, Holdings Channel reports. The fund acquired 1,532 shares of the company’s stock, valued at approximately $73,000.

Several other large investors have also recently added to or reduced their stakes in the stock. PFG Investments LLC acquired a new position in shares of British American Tobacco during the second quarter valued at $230,000. Consolidated Portfolio Review Corp lifted its position in British American Tobacco by 9.4% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 9,925 shares of the company’s stock valued at $470,000 after purchasing an additional 850 shares during the last quarter. Truist Financial Corp boosted its stake in British American Tobacco by 128.7% during the 2nd quarter. Truist Financial Corp now owns 403,170 shares of the company’s stock valued at $19,082,000 after purchasing an additional 226,907 shares during the period. MBA Advisors LLC grew its position in British American Tobacco by 5.7% in the 2nd quarter. MBA Advisors LLC now owns 6,077 shares of the company’s stock worth $288,000 after purchasing an additional 327 shares during the last quarter. Finally, Park Place Capital Corp increased its stake in shares of British American Tobacco by 12,756.9% in the second quarter. Park Place Capital Corp now owns 8,357 shares of the company’s stock valued at $390,000 after purchasing an additional 8,292 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BTI. Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. 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 note on Monday, September 8th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating for the company. Finally, 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. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, British American Tobacco currently has a consensus rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Price Performance

NYSE:BTI opened at $52.36 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $55.58 and its 200 day moving average price is $48.67. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29. The firm has a market cap of $107.72 billion, a P/E ratio of 10.75, a PEG ratio of 3.59 and a beta of 0.42.

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.