FDx Advisors Inc. Takes Position in British American Tobacco p.l.c. $BTI

FDx Advisors Inc. bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, Holdings Channel.com reports. The fund bought 4,627 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lockheed Martin Investment Management Co. grew its position in British American Tobacco by 27.7% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after purchasing an additional 30,600 shares during the period. Atria Wealth Solutions Inc. raised its holdings in British American Tobacco by 28.8% during the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after buying an additional 5,745 shares during the last quarter. Todd Asset Management LLC lifted its stake in shares of British American Tobacco by 26.9% in the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after buying an additional 157,251 shares in the last quarter. Woodward Diversified Capital LLC bought a new stake in shares of British American Tobacco during the first quarter worth about $207,000. Finally, Atlas Capital Advisors Inc. raised its holdings in shares of British American Tobacco by 5,610.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,911 shares of the company’s stock worth $203,000 after acquiring an additional 4,825 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BTI has been the subject of a number of recent research reports. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. 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 research note on Monday, September 8th. 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, British American Tobacco presently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Up 0.6%

NYSE:BTI opened at $54.54 on Monday. The business has a fifty day simple moving average of $53.24 and a two-hundred day simple moving average of $50.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a 1 year low of $34.82 and a 1 year 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.