Cetera Investment Advisers Has $22.94 Million Position in British American Tobacco p.l.c. $BTI

Cetera Investment Advisers boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 392,344 shares of the company’s stock after purchasing an additional 13,488 shares during the period. Cetera Investment Advisers’ holdings in British American Tobacco were worth $22,940,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on BTI. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. BTIG Research initiated coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They set a “buy” rating on the stock. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Trading Down 0.1%

Shares of NYSE:BTI opened at $60.89 on Monday. The business has a 50-day moving average of $61.60 and a two-hundred day moving average of $60.01. British American Tobacco p.l.c. has a fifty-two week low of $49.88 and a fifty-two week high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

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.