IHT Wealth Management LLC bought a new position in shares of British American Tobacco PLC (NYSE:BTI) in the third quarter, Holdings Channel reports. The firm bought 6,226 shares of the company’s stock, valued at approximately $230,000.

A number of other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in shares of British American Tobacco by 845.6% during the 2nd quarter. SG Americas Securities LLC now owns 43,867 shares of the company’s stock worth $1,530,000 after buying an additional 39,228 shares during the period. Woodley Farra Manion Portfolio Management Inc. boosted its holdings in British American Tobacco by 1.5% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 26,792 shares of the company’s stock valued at $934,000 after acquiring an additional 394 shares during the period. HighTower Advisors LLC grew its position in shares of British American Tobacco by 4.5% in the second quarter. HighTower Advisors LLC now owns 228,571 shares of the company’s stock valued at $7,962,000 after purchasing an additional 9,903 shares during the last quarter. Bank of America Corp DE grew its position in shares of British American Tobacco by 1.1% in the second quarter. Bank of America Corp DE now owns 4,277,960 shares of the company’s stock valued at $149,172,000 after purchasing an additional 47,995 shares during the last quarter. Finally, AE Wealth Management LLC grew its position in shares of British American Tobacco by 131.0% in the second quarter. AE Wealth Management LLC now owns 23,148 shares of the company’s stock valued at $807,000 after purchasing an additional 13,128 shares during the last quarter. 5.36% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on BTI shares. ValuEngine cut British American Tobacco from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Zacks Investment Research downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. British American Tobacco has an average rating of “Hold” and a consensus price target of $40.00.

BTI opened at $38.68 on Wednesday. British American Tobacco PLC has a 1-year low of $30.67 and a 1-year high of $42.59. The company has a current ratio of 0.73, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $84.41 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 1.35 and a beta of 0.89. The business has a 50 day moving average of $36.61 and a 200-day moving average of $36.47.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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