69,069 Shares in British American Tobacco PLC (NYSE:BTI) Purchased by LLBH Private Wealth Management LLC

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LLBH Private Wealth Management LLC acquired a new position in British American Tobacco PLC (NYSE:BTI) during the 2nd quarter, Holdings Channel reports. The fund acquired 69,069 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Newport Trust Co boosted its position in shares of British American Tobacco by 9.5% in the 1st quarter. Newport Trust Co now owns 4,573,501 shares of the company’s stock worth $190,806,000 after buying an additional 395,970 shares in the last quarter. Northern Trust Corp lifted its holdings in British American Tobacco by 1.2% in the 1st quarter. Northern Trust Corp now owns 3,212,876 shares of the company’s stock valued at $134,039,000 after purchasing an additional 39,238 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in British American Tobacco by 47.4% in the 1st quarter. Federated Investors Inc. PA now owns 3,014,594 shares of the company’s stock valued at $125,769,000 after purchasing an additional 969,986 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in British American Tobacco by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,603,525 shares of the company’s stock valued at $90,968,000 after purchasing an additional 214,064 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in British American Tobacco by 41.9% in the 1st quarter. Wells Fargo & Company MN now owns 2,602,012 shares of the company’s stock valued at $108,556,000 after purchasing an additional 768,134 shares in the last quarter. Institutional investors and hedge funds own 5.75% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Piper Jaffray Companies lowered shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a report on Thursday, July 11th. Finally, Morgan Stanley lowered shares of British American Tobacco from an “equal” rating to an “underweight” rating in a report on Monday, June 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $53.00.

Shares of BTI stock traded down $1.63 during trading hours on Tuesday, hitting $34.48. 2,914,000 shares of the company were exchanged, compared to its average volume of 1,462,389. The firm has a market cap of $76.89 billion, a PE ratio of 8.71, a PEG ratio of 1.16 and a beta of 0.86. British American Tobacco PLC has a 1 year low of $30.67 and a 1 year high of $50.97. The company has a quick ratio of 0.39, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $36.99 and a 200 day moving average of $37.85.

British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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