Global Retirement Partners LLC Buys New Holdings in British American Tobacco p.l.c. $BTI

Global Retirement Partners LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 38,395 shares of the company’s stock, valued at approximately $1,817,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pandora Wealth Inc. acquired a new stake in British American Tobacco during the first quarter valued at approximately $32,000. State of Wyoming bought a new position in shares of British American Tobacco during the 1st quarter worth approximately $57,000. UMB Bank n.a. boosted its stake in British American Tobacco by 36.4% in the 2nd quarter. UMB Bank n.a. now owns 1,371 shares of the company’s stock valued at $65,000 after buying an additional 366 shares in the last quarter. First Horizon Advisors Inc. grew its position in British American Tobacco by 279.2% in the second quarter. First Horizon Advisors Inc. now owns 1,475 shares of the company’s stock valued at $70,000 after acquiring an additional 1,086 shares during the period. Finally, VSM Wealth Advisory LLC lifted its holdings in shares of British American Tobacco by 3,921.6% during the second quarter. VSM Wealth Advisory LLC now owns 1,488 shares of the company’s stock valued at $70,000 after acquiring an additional 1,451 shares during the period. 16.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BTI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Morgan Stanley restated an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Finally, Argus upgraded 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. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.00.

British American Tobacco Price Performance

BTI opened at $57.80 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The company’s 50 day simple moving average is $53.05 and its 200-day simple moving average is $51.84. British American Tobacco p.l.c. has a one year low of $34.82 and a one year high of $59.29.

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.