Investors Research Corp Sells 4,754 Shares of British American Tobacco p.l.c. $BTI

Investors Research Corp trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 19.5% during the second quarter, Holdings Channel reports. The institutional investor owned 19,619 shares of the company’s stock after selling 4,754 shares during the quarter. Investors Research Corp’s holdings in British American Tobacco were worth $929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its stake in shares of British American Tobacco by 0.7% during the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company’s stock valued at $1,401,000 after acquiring an additional 244 shares during the period. Applied Capital LLC FL lifted its position in British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock valued at $963,000 after purchasing an additional 257 shares during the period. Elevation Point Wealth Partners LLC boosted its stake in shares of British American Tobacco by 1.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company’s stock valued at $691,000 after purchasing an additional 258 shares during the last quarter. Financial Management Professionals Inc. grew its position in shares of British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after buying an additional 278 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in shares of British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after buying an additional 280 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI stock opened at $56.53 on Friday. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year 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. The firm has a market cap of $116.31 billion, a PE ratio of 11.61, a P/E/G ratio of 3.93 and a beta of 0.40. The business’s 50-day moving average price is $54.82 and its two-hundred day moving average price is $47.42.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Morgan Stanley reissued an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Royal Bank Of Canada lowered British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Finally, Jefferies Financial Group initiated coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Company 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.