State of Wyoming Takes Position in British American Tobacco p.l.c. $BTI

State of Wyoming bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,370 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTI. Rosenberg Matthew Hamilton grew its position in British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after purchasing an additional 280 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after acquiring an additional 305 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of British American Tobacco in the fourth quarter worth about $26,000. Financial Management Professionals Inc. grew its position in shares of British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after buying an additional 278 shares during the period. Finally, Mather Group LLC. grew 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 worth $27,000 after buying an additional 480 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.3%

Shares of BTI opened at $56.37 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The stock has a market cap of $116.11 billion, a PE ratio of 11.57, a P/E/G ratio of 3.86 and a beta of 0.40. The business’s 50-day moving average price is $54.30 and its 200-day moving average price is $47.05.

Wall Street Analyst Weigh In

BTI has been the subject of several research analyst reports. Barclays reiterated an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Morgan Stanley reiterated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. 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, Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

About British American Tobacco

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.