British American Tobacco p.l.c. $BTI Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 710.3% in the second quarter, Holdings Channel.com reports. The firm owned 748,245 shares of the company’s stock after purchasing an additional 655,908 shares during the period. NewEdge Advisors LLC’s holdings in British American Tobacco were worth $46,212,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in British American Tobacco by 35.2% in the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after buying an additional 7,270 shares during the period. Sivia Capital Partners LLC boosted its position in shares of British American Tobacco by 42.5% in the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after acquiring an additional 2,521 shares during the last quarter. Rhumbline Advisers grew its holdings in British American Tobacco by 10.2% in the second quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after purchasing an additional 559 shares during the period. Baird Financial Group Inc. grew its holdings in 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 purchasing an additional 5,486 shares during the period. Finally, Brown Advisory Inc. increased its position in British American Tobacco by 5.4% during the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock worth $756,000 after purchasing an additional 816 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Down 1.5%

BTI opened at $54.33 on Thursday. British American Tobacco p.l.c. has a 52-week low of $49.88 and a 52-week high of $67.30. The company has a 50 day moving average of $58.68 and a two-hundred day moving average of $59.69. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64.

British American Tobacco (NYSE:BTI) last issued its earnings results on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $16.42 billion. On average, sell-side analysts predict that British American Tobacco p.l.c. will post 4.86 EPS for the current fiscal year.

Analysts Set New Price Targets

BTI has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $68.10 price target on shares of British American Tobacco in a report on Monday. BTIG Research assumed coverage on British American Tobacco in a report on Tuesday, July 21st. They set a “buy” rating for the company. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a research report on Monday, August 31st. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of British American Tobacco in a research note on Tuesday, August 11th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, British American Tobacco has an average rating of “Moderate Buy” and an average price target of $68.10.

British American Tobacco Company Profile

British American Tobacco p.l.c. is a multinational consumer products company focused primarily on tobacco and nicotine products. Its portfolio includes combustible cigarettes, roll-your-own tobacco, cigars and heated tobacco products, as well as newer categories such as vapor products and modern oral nicotine products.

The company markets a range of internationally recognized brands, including Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport. Through its U.S. business, Reynolds American, BAT also owns or markets brands such as Camel and Natural American Spirit.