Diversify Wealth Management LLC Acquires 17,189 Shares of British American Tobacco p.l.c. $BTI

Diversify Wealth Management LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 70.5% during the first quarter, Holdings Channel.com reports. The firm owned 41,570 shares of the company’s stock after acquiring an additional 17,189 shares during the quarter. Diversify Wealth Management LLC’s holdings in British American Tobacco were worth $2,388,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wealth High Governance Capital Ltda acquired a new position in British American Tobacco during the fourth quarter worth $6,911,000. Assetmark Inc. raised its position in British American Tobacco by 4.3% during the fourth quarter. Assetmark Inc. now owns 557,887 shares of the company’s stock worth $31,588,000 after acquiring an additional 23,141 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in British American Tobacco by 284.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 26,274 shares of the company’s stock valued at $1,488,000 after acquiring an additional 19,446 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of British American Tobacco in the 3rd quarter valued at about $4,135,000. Finally, M&T Bank Corp increased its stake in shares of British American Tobacco by 74.6% during the 4th quarter. M&T Bank Corp now owns 102,703 shares of the company’s stock worth $5,815,000 after purchasing an additional 43,886 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI stock opened at $58.97 on Tuesday. British American Tobacco p.l.c. has a fifty-two week low of $49.88 and a fifty-two week high of $67.30. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $61.73 and its two-hundred day moving average price is $59.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BTI shares. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.