Atria Wealth Solutions Inc. Decreases Stake in British American Tobacco p.l.c. $BTI

Atria Wealth Solutions Inc. lowered its stake in British American Tobacco p.l.c. (NYSE:BTI) by 74.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,612 shares of the company’s stock after selling 19,114 shares during the period. Atria Wealth Solutions Inc.’s holdings in British American Tobacco were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BTI. Golden State Wealth Management LLC raised 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 worth $25,000 after purchasing an additional 305 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of 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 purchasing an additional 280 shares during the last quarter. Mather Group LLC. raised 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 worth $27,000 after purchasing an additional 480 shares during the last quarter. Pandora Wealth Inc. purchased a new position in shares of British American Tobacco during the first quarter worth $32,000. Finally, Bessemer Group Inc. raised its holdings in shares of 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 purchasing an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Argus raised 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Jefferies Financial Group initiated coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating for the company. Five research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Stock Down 1.5%

BTI stock opened at $50.38 on Wednesday. The stock has a market capitalization of $103.53 billion, a P/E ratio of 10.35, a P/E/G ratio of 3.61 and a beta of 0.42. The firm has a 50-day simple moving average of $54.57 and a 200-day simple moving average of $49.65. 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 p.l.c. has a 52 week low of $34.17 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.