British American Tobacco p.l.c. $BTI Position Trimmed by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,755 shares of the company’s stock after selling 2,581 shares during the period. Valeo Financial Advisors LLC’s holdings in British American Tobacco were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton grew its position in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after buying an additional 280 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after purchasing an additional 305 shares during the last quarter. Mather Group LLC. grew its holdings in shares of British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after purchasing an additional 480 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of British American Tobacco during the first quarter valued at approximately $32,000. Finally, CX Institutional bought a new position in British American Tobacco during the 1st quarter worth $34,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 1.7%

British American Tobacco stock opened at $52.03 on Wednesday. The firm has a 50 day simple moving average of $55.53 and a 200-day simple moving average of $48.94. 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 stock has a market capitalization of $107.05 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29.

Analyst Upgrades and Downgrades

BTI has been the subject of a number of recent research reports. Barclays restated an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Monday, September 8th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Five 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.00.

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.