AE Wealth Management LLC Acquires Shares of 10,928 British American Tobacco p.l.c. $BTI

AE Wealth Management LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,928 shares of the company’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BTI. Lockheed Martin Investment Management Co. grew its position in British American Tobacco by 27.7% during the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after buying an additional 30,600 shares during the period. Atria Wealth Solutions Inc. boosted its stake in British American Tobacco by 28.8% in the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after acquiring an additional 5,745 shares during the last quarter. Todd Asset Management LLC grew its position in shares of British American Tobacco by 26.9% during the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after acquiring an additional 157,251 shares during the period. Atlas Capital Advisors Inc. increased its stake in shares of British American Tobacco by 5,610.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,911 shares of the company’s stock worth $203,000 after purchasing an additional 4,825 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of British American Tobacco by 66.9% in the 2nd quarter. Park Avenue Securities LLC now owns 56,520 shares of the company’s stock worth $2,675,000 after purchasing an additional 22,654 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, September 8th. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco currently has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $54.10 on Friday. The company has a 50 day moving average of $53.18 and a 200 day moving average of $51.12. 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 $34.82 and a 12 month high of $59.29.

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.