British American Tobacco PLC (NYSE:BTI) Stock Holdings Lifted by Wright Investors Service Inc.

Wright Investors Service Inc. raised its position in British American Tobacco PLC (NYSE:BTI) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,505 shares of the company’s stock after purchasing an additional 1,289 shares during the quarter. Wright Investors Service Inc.’s holdings in British American Tobacco were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BTI. Lenox Wealth Management Inc. grew its stake in British American Tobacco by 153.3% in the first quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock valued at $32,000 after purchasing an additional 469 shares in the last quarter. Alera Investment Advisors LLC grew its stake in British American Tobacco by 50.1% in the first quarter. Alera Investment Advisors LLC now owns 833 shares of the company’s stock valued at $35,000 after purchasing an additional 278 shares in the last quarter. Enterprise Financial Services Corp grew its stake in British American Tobacco by 141.7% in the first quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock valued at $36,000 after purchasing an additional 506 shares in the last quarter. Bessemer Group Inc. grew its stake in British American Tobacco by 78.5% in the second quarter. Bessemer Group Inc. now owns 1,078 shares of the company’s stock valued at $38,000 after purchasing an additional 474 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in British American Tobacco by 191.5% in the second quarter. Flagship Harbor Advisors LLC now owns 1,131 shares of the company’s stock valued at $39,000 after purchasing an additional 743 shares in the last quarter. Hedge funds and other institutional investors own 6.12% of the company’s stock.

BTI has been the topic of a number of recent research reports. Morgan Stanley downgraded British American Tobacco from an “equal” rating to an “underweight” rating in a research note on Monday, June 17th. Piper Jaffray Companies downgraded British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 11th. Finally, Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $53.00.

Shares of NYSE:BTI traded up $0.81 on Thursday, reaching $37.03. The company had a trading volume of 68,930 shares, compared to its average volume of 1,809,696. British American Tobacco PLC has a twelve month low of $30.67 and a twelve month high of $54.19. The company has a 50-day moving average of $36.91. The stock has a market cap of $78.63 billion, a PE ratio of 9.36, a P/E/G ratio of 1.18 and a beta of 0.86. The company has a quick ratio of 0.39, a current ratio of 0.73 and a debt-to-equity ratio of 0.63.

About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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