British American Tobacco p.l.c. $BTI Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in British American Tobacco p.l.c. (NYSE:BTI) by 2,111.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 623,793 shares of the company’s stock after purchasing an additional 595,589 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in British American Tobacco were worth $35,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new position in British American Tobacco during the third quarter worth $1,612,000. Lockheed Martin Investment Management Co. lifted its position in shares of British American Tobacco by 44.3% in the third quarter. Lockheed Martin Investment Management Co. now owns 421,800 shares of the company’s stock valued at $22,389,000 after acquiring an additional 129,500 shares in the last quarter. Truist Financial Corp lifted its position in shares of British American Tobacco by 6.0% in the third quarter. Truist Financial Corp now owns 427,284 shares of the company’s stock valued at $22,680,000 after acquiring an additional 24,114 shares in the last quarter. AdvisorShares Investments LLC lifted its position in shares of British American Tobacco by 252.5% in the third quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company’s stock valued at $1,319,000 after acquiring an additional 17,798 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in British American Tobacco by 8.7% during the third quarter. Federated Hermes Inc. now owns 3,779,137 shares of the company’s stock worth $200,597,000 after buying an additional 303,136 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Seven analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Trading Up 2.1%

NYSE:BTI opened at $66.43 on Tuesday. British American Tobacco p.l.c. has a 52 week low of $43.14 and a 52 week high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $59.01 and its two-hundred day moving average is $58.13.

British American Tobacco Company Profile

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.