44 Wealth Management LLC Buys 24,325 Shares of British American Tobacco p.l.c. $BTI

44 Wealth Management LLC increased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 92.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,496 shares of the company’s stock after buying an additional 24,325 shares during the period. British American Tobacco accounts for 1.0% of 44 Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position. 44 Wealth Management LLC’s holdings in British American Tobacco were worth $2,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Command Advisory Services Inc. grew its holdings in British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after acquiring an additional 416 shares during the last quarter. Glen Eagle Advisors LLC purchased a new stake in British American Tobacco in the 4th quarter worth approximately $26,000. Cary Street Partners Financial LLC bought a new position in shares of British American Tobacco during the second quarter valued at approximately $30,000. SHP Wealth Management bought a new stake in British American Tobacco in the fourth quarter valued at $35,000. Finally, Cornerstone Planning Group LLC increased its position in British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after purchasing an additional 346 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $60.89 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The business has a 50-day simple moving average of $61.60 and a two-hundred day simple moving average of $59.98. British American Tobacco p.l.c. has a fifty-two week low of $49.88 and a fifty-two week high of $67.30.

Wall Street Analyst Weigh In

Several analysts have commented on BTI shares. BTIG Research began coverage on shares of British American Tobacco in a report on Tuesday. They issued a “buy” rating for the company. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, British American Tobacco currently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Profile

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.