Benjamin Edwards Inc. Increases Position in British American Tobacco p.l.c. $BTI

Benjamin Edwards Inc. lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 26.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,031 shares of the company’s stock after buying an additional 14,358 shares during the quarter. Benjamin Edwards Inc.’s holdings in British American Tobacco were worth $3,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HB Wealth Management LLC grew its holdings in shares of British American Tobacco by 54.6% in the third quarter. HB Wealth Management LLC now owns 17,159 shares of the company’s stock valued at $911,000 after purchasing an additional 6,059 shares during the period. Park Avenue Securities LLC boosted its stake in British American Tobacco by 1.4% during the third quarter. Park Avenue Securities LLC now owns 57,337 shares of the company’s stock worth $3,043,000 after buying an additional 817 shares during the period. Code Waechter LLC grew its stake in shares of British American Tobacco by 251.2% in the third quarter. Code Waechter LLC now owns 18,820 shares of the company’s stock valued at $962,000 after buying an additional 13,461 shares in the last quarter. Kathmere Capital Management LLC boosted its position in British American Tobacco by 1.1% in the 3rd quarter. Kathmere Capital Management LLC now owns 73,473 shares of the company’s stock valued at $3,900,000 after buying an additional 773 shares during the period. Finally, Greenleaf Trust increased its stake in shares of British American Tobacco by 2.1% during the third quarter. Greenleaf Trust now owns 23,507 shares of the company’s stock worth $1,248,000 after buying an additional 493 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Kepler Capital Markets began coverage on British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $55.19 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $34.82 and a fifty-two week high of $59.29. The business has a fifty day simple moving average of $56.15 and a 200-day simple moving average of $54.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.