Jackson Wealth Management LLC Buys Shares of 27,236 British American Tobacco p.l.c. $BTI

Jackson Wealth Management LLC bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, HoldingsChannel reports. The firm bought 27,236 shares of the company’s stock, valued at approximately $1,289,000.

Several other hedge funds have also bought and sold shares of BTI. GAMMA Investing LLC lifted its position in British American Tobacco by 5,144.6% during the first quarter. GAMMA Investing LLC now owns 276,393 shares of the company’s stock valued at $11,434,000 after purchasing an additional 271,123 shares during the last quarter. NBC Securities Inc. lifted its position in British American Tobacco by 173,100.0% in the 1st quarter. NBC Securities Inc. now owns 1,732 shares of the company’s stock worth $71,000 after buying an additional 1,731 shares during the last quarter. Merit Financial Group LLC purchased a new stake in British American Tobacco in the first quarter worth approximately $476,000. AGH Wealth Advisors LLC bought a new position in British American Tobacco during the first quarter valued at approximately $209,000. Finally, Pines Wealth Management LLC raised its stake in shares of British American Tobacco by 25.0% during the first quarter. Pines Wealth Management LLC now owns 8,405 shares of the company’s stock worth $332,000 after acquiring an additional 1,682 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Down 2.2%

NYSE BTI opened at $51.22 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 stock has a market capitalization of $105.37 billion, a PE ratio of 10.52, a PEG ratio of 3.63 and a beta of 0.42. 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 business’s 50-day moving average is $55.56 and its 200 day moving average is $48.73.

Analyst Ratings Changes

BTI has been the subject of a number of research reports. 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 note on Monday, September 8th. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Barclays reiterated an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research report on Saturday, September 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.