Perennial Investment Advisors LLC Takes Position in British American Tobacco p.l.c. $BTI

Perennial Investment Advisors LLC purchased a new position in British American Tobacco p.l.c. (NYSE:BTI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,788 shares of the company’s stock, valued at approximately $274,000.

A number of other large investors have also made changes to their positions in the stock. Pandora Wealth Inc. bought a new position in British American Tobacco during the first quarter valued at about $32,000. State of Wyoming bought a new stake in shares of British American Tobacco during the first quarter valued at approximately $57,000. UMB Bank n.a. raised its stake in shares of British American Tobacco by 36.4% in the second quarter. UMB Bank n.a. now owns 1,371 shares of the company’s stock valued at $65,000 after purchasing an additional 366 shares in the last quarter. First Horizon Advisors Inc. lifted 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 worth $70,000 after purchasing an additional 1,086 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in British American Tobacco during the second quarter worth $73,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.1%

British American Tobacco stock opened at $54.80 on Thursday. The business’s fifty day moving average is $53.09 and its two-hundred day moving average is $51.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a 52 week low of $34.82 and a 52 week high of $59.29.

Wall Street Analysts Forecast Growth

BTI has been the subject of a number of recent research reports. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Finally, Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.00.

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.