HB Wealth Management LLC Buys 944 Shares of British American Tobacco p.l.c. $BTI

HB Wealth Management LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,100 shares of the company’s stock after purchasing an additional 944 shares during the quarter. HB Wealth Management LLC’s holdings in British American Tobacco were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BTI. Golden State Wealth Management LLC raised 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 in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after acquiring an additional 280 shares in the last quarter. Mather Group LLC. raised 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 in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of British American Tobacco in the 1st quarter valued at about $32,000. Finally, CX Institutional purchased a new stake in shares of British American Tobacco in the 1st quarter valued at about $34,000. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Jefferies Financial Group started coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Morgan Stanley reissued an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $51.22 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The business’s 50 day simple moving average is $55.56 and its two-hundred day simple moving average is $48.79. The stock has a market capitalization of $105.37 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29.

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.