9,316 Shares in British American Tobacco p.l.c. $BTI Acquired by Intrust Bank NA

Intrust Bank NA bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,316 shares of the company’s stock, valued at approximately $441,000.

Several other hedge funds have also made changes to their positions in the business. Pandora Wealth Inc. purchased a new stake in shares of British American Tobacco in the first quarter valued at $32,000. State of Wyoming purchased a new stake in British American Tobacco in the 1st quarter valued at about $57,000. UMB Bank n.a. increased its stake in shares of 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 last quarter. First Horizon Advisors Inc. lifted 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 worth $70,000 after acquiring an additional 1,086 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in shares of British American Tobacco in the second quarter worth approximately $73,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $54.88 on Wednesday. The stock has a fifty day moving average price of $53.12 and a 200 day moving average price of $51.39. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 12-month low of $34.82 and a 12-month high of $59.29.

Wall Street Analysts Forecast Growth

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

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.