Dynasty Wealth Management LLC Takes Position in British American Tobacco p.l.c. $BTI

Dynasty Wealth Management LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,391 shares of the company’s stock, valued at approximately $1,082,000.

Several other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its position in British American Tobacco by 46,488.4% in the second quarter. Zions Bancorporation National Association UT now owns 173,309 shares of the company’s stock valued at $8,203,000 after acquiring an additional 172,937 shares during the last quarter. Park Avenue Securities LLC boosted its stake 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 valued at $2,675,000 after purchasing an additional 22,654 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of British American Tobacco by 47.6% during the 2nd quarter. Fifth Third Bancorp now owns 21,038 shares of the company’s stock valued at $996,000 after purchasing an additional 6,785 shares during the last quarter. Genesis Private Wealth LLC acquired a new position in British American Tobacco during the 2nd quarter worth approximately $334,000. Finally, Trivest Advisors Ltd bought a new position in British American Tobacco in the 2nd quarter valued at approximately $60,109,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Down 3.2%

Shares of NYSE:BTI opened at $56.36 on Wednesday. British American Tobacco p.l.c. has a 1 year low of $36.28 and a 1 year high of $59.29. 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 moving average is $56.57 and its 200-day moving average is $54.80.

Analysts Set New Price Targets

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

British American Tobacco Company Profile

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.