Elevation Point Wealth Partners LLC Has $3.64 Million Stock Holdings in British American Tobacco p.l.c. $BTI

Elevation Point Wealth Partners LLC raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 90.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 61,899 shares of the company’s stock after acquiring an additional 29,469 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in British American Tobacco were worth $3,644,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in British American Tobacco by 35.2% in the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after purchasing an additional 7,270 shares during the period. Sivia Capital Partners LLC lifted its holdings in British American Tobacco by 42.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after buying an additional 2,521 shares during the period. Rhumbline Advisers grew its position in shares of British American Tobacco by 10.2% in the 2nd quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after buying an additional 559 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of British American Tobacco by 58.6% in the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after buying an additional 5,486 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of British American Tobacco by 5.4% in the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after buying an additional 816 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.1%

Shares of NYSE BTI opened at $61.83 on Friday. British American Tobacco p.l.c. has a 12-month low of $47.54 and a 12-month high of $67.30. The company’s fifty day simple moving average is $61.39 and its 200 day simple moving average is $59.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

Wall Street Analyst Weigh In

A number of research firms recently commented on BTI. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.00.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.