Lockheed Martin Investment Management Co. Acquires 151,300 Shares of British American Tobacco p.l.c. $BTI

Lockheed Martin Investment Management Co. raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 107.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 292,300 shares of the company’s stock after purchasing an additional 151,300 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in British American Tobacco were worth $13,835,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its stake 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 worth $25,000 after acquiring an additional 280 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after acquiring an additional 305 shares during the last quarter. Mather Group LLC. boosted its stake in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after acquiring an additional 480 shares during the last quarter. Pandora Wealth Inc. purchased a new position in shares of British American Tobacco during the 1st quarter worth $32,000. Finally, Bessemer Group Inc. lifted its position in shares of British American Tobacco by 232.4% during the 1st quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock valued at $45,000 after buying an additional 781 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Finally, Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Stock Down 0.9%

Shares of BTI opened at $51.26 on Friday. British American Tobacco p.l.c. has a 1 year low of $34.24 and a 1 year high of $59.29. The business’s 50 day simple moving average is $53.72 and its 200-day simple moving average is $50.21. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

British American Tobacco Company 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.