British American Tobacco p.l.c. $BTI Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 776.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 513,465 shares of the company’s stock after acquiring an additional 454,899 shares during the quarter. Bank of Montreal Can’s holdings in British American Tobacco were worth $24,302,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BTI. Mission Wealth Management LP boosted its stake in British American Tobacco by 2.1% during the 2nd quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after purchasing an additional 226 shares during the period. Yong Rong HK Asset Management Ltd bought a new stake in shares of British American Tobacco during the second quarter valued at approximately $6,627,000. Creative Financial Designs Inc. ADV boosted its position in shares of British American Tobacco by 69.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 5,717 shares of the company’s stock worth $271,000 after buying an additional 2,336 shares during the period. Lockheed Martin Investment Management Co. grew its holdings in British American Tobacco by 107.3% in the 2nd quarter. Lockheed Martin Investment Management Co. now owns 292,300 shares of the company’s stock worth $13,835,000 after buying an additional 151,300 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. raised its stake in British American Tobacco by 51.9% during the 2nd quarter. Savoir Faire Capital Management L.P. now owns 208,345 shares of the company’s stock valued at $9,861,000 after acquiring an additional 71,183 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.6%

NYSE:BTI opened at $54.54 on Friday. The company has a 50-day moving average of $53.24 and a 200-day moving average of $50.67. 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 twelve month low of $34.82 and a twelve month high of $59.29.

Analysts Set New Price Targets

BTI has been the subject of several recent analyst reports. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. 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. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report 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. Finally, Morgan Stanley reiterated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, British American Tobacco currently has an average rating of “Hold” and a consensus target price of $51.00.

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.