Integrated Wealth Concepts LLC Increases Position in British American Tobacco p.l.c. $BTI

Integrated Wealth Concepts LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,348 shares of the company’s stock after buying an additional 638 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in British American Tobacco were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BTI. Rosenberg Matthew Hamilton raised its holdings in British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after buying an additional 280 shares during the period. Golden State Wealth Management LLC increased its holdings in British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after purchasing an additional 305 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of British American Tobacco in the 4th quarter worth about $26,000. Financial Management Professionals Inc. increased its holdings in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after buying an additional 278 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after acquiring an additional 480 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 1.4%

Shares of BTI stock opened at $56.53 on Friday. The firm has a 50-day moving average price of $54.82 and a 200 day moving average price of $47.37. 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 12-month low of $34.17 and a 12-month high of $59.29. The company has a market capitalization of $116.31 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.93 and a beta of 0.40.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of analyst reports. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Morgan Stanley reissued an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Jefferies Financial Group began coverage on British American Tobacco in a report on Wednesday, July 9th. They set a “buy” rating on the stock. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.