Private Trust Co. NA Purchases 1,989 Shares of British American Tobacco p.l.c. $BTI

Private Trust Co. NA increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 94.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,087 shares of the company’s stock after acquiring an additional 1,989 shares during the quarter. Private Trust Co. NA’s holdings in British American Tobacco were worth $193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after acquiring an additional 305 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after acquiring an additional 280 shares in the last quarter. Mather Group LLC. raised its stake in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after acquiring an additional 480 shares in the last quarter. Pandora Wealth Inc. acquired a new position in British American Tobacco during the first quarter worth about $32,000. Finally, Bessemer Group Inc. raised its stake in British American Tobacco by 232.4% during the first quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock worth $45,000 after acquiring an additional 781 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BTI. Jefferies Financial Group began coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a “buy” rating for the company. Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Argus upgraded shares of 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. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Performance

NYSE:BTI opened at $50.38 on Wednesday. The company has a market capitalization of $103.53 billion, a PE ratio of 10.35, a P/E/G ratio of 3.61 and a beta of 0.42. The company has a 50 day simple moving average of $54.57 and a two-hundred day simple moving average of $49.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week 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.