Creative Planning Has $9.79 Million Stake in British American Tobacco p.l.c. $BTI

Creative Planning lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 15.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,866 shares of the company’s stock after buying an additional 27,045 shares during the quarter. Creative Planning’s holdings in British American Tobacco were worth $9,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BTI. GQG Partners LLC boosted its position in British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock valued at $397,089,000 after acquiring an additional 3,590,916 shares during the last quarter. Orbis Allan Gray Ltd boosted its position in shares of British American Tobacco by 20.4% during the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock valued at $497,318,000 after purchasing an additional 2,040,011 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in British American Tobacco by 93.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,792,258 shares of the company’s stock worth $132,158,000 after purchasing an additional 1,345,175 shares during the period. Trivest Advisors Ltd bought a new stake in British American Tobacco in the second quarter worth approximately $60,109,000. Finally, WT Asset Management Ltd acquired a new position in British American Tobacco in the second quarter valued at approximately $37,850,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.3%

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

Analysts Set New Price Targets

Several brokerages have recently commented on BTI. Argus raised 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 report on Monday, September 8th. Morgan Stanley restated an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, British American Tobacco has an average rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Profile

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.