First Bank & Trust Buys 11,629 Shares of British American Tobacco p.l.c. $BTI

First Bank & Trust increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 25.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,999 shares of the company’s stock after purchasing an additional 11,629 shares during the quarter. First Bank & Trust’s holdings in British American Tobacco were worth $3,025,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Federated Hermes Inc. increased its position in British American Tobacco by 2,066.9% during the second quarter. Federated Hermes Inc. now owns 3,476,001 shares of the company’s stock valued at $164,519,000 after acquiring an additional 3,315,589 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of British American Tobacco by 20.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after purchasing an additional 2,482,737 shares during the period. Citigroup Inc. grew its holdings in British American Tobacco by 833.5% during the 2nd quarter. Citigroup Inc. now owns 2,121,918 shares of the company’s stock valued at $100,430,000 after purchasing an additional 1,894,617 shares during the last quarter. JPMorgan Chase & Co. raised its position in British American Tobacco by 201.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,748,324 shares of the company’s stock worth $130,078,000 after purchasing an additional 1,837,106 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of British American Tobacco by 35.1% during the second quarter. Bank of America Corp DE now owns 5,355,932 shares of the company’s stock valued at $253,496,000 after buying an additional 1,392,799 shares during the period. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

BTI opened at $56.44 on Friday. 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 12-month low of $34.82 and a 12-month high of $59.29. The business’s fifty day simple moving average is $54.76 and its 200-day simple moving average is $53.47.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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 report on Monday, September 8th. Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Kepler Capital Markets began coverage on British American Tobacco in a research report on Friday, December 12th. They set a “buy” rating for the company. Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Company 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.