32,703 Shares in British American Tobacco p.l.c. $BTI Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,703 shares of the company’s stock, valued at approximately $1,548,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pandora Wealth Inc. bought a new position in shares of British American Tobacco during the first quarter valued at $32,000. State of Wyoming purchased a new position in British American Tobacco in the 1st quarter worth about $57,000. UMB Bank n.a. lifted its stake in British American Tobacco by 36.4% during the 2nd quarter. UMB Bank n.a. now owns 1,371 shares of the company’s stock valued at $65,000 after acquiring an additional 366 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of British American Tobacco by 279.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,475 shares of the company’s stock valued at $70,000 after acquiring an additional 1,086 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of British American Tobacco in the second quarter worth approximately $73,000. Institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BTI shares. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Monday, September 8th. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Morgan Stanley restated an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Trading Up 0.7%

Shares of BTI opened at $55.82 on Wednesday. The business has a 50-day simple moving average of $53.23 and a two-hundred day simple moving average of $50.98. 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 52 week low of $34.82 and a 52 week high of $59.29.

About British American Tobacco

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.