Gibbs Wealth Management Invests $764,000 in British American Tobacco p.l.c. $BTI

Gibbs Wealth Management acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,071 shares of the company’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Command Advisory Services Inc. lifted its stake 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 purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new position in shares of British American Tobacco in the fourth quarter worth $26,000. Cornerstone Planning Group LLC raised its position in shares of British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares in the last quarter. SHP Wealth Management bought a new stake in British American Tobacco during the fourth quarter valued at $35,000. Finally, Cary Street Partners Financial LLC bought a new stake in British American Tobacco during the second quarter valued at $30,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 1.8%

Shares of NYSE:BTI opened at $60.89 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 52-week low of $49.88 and a 52-week high of $67.30. The firm has a fifty day moving average of $61.60 and a 200 day moving average of $59.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. BTIG Research assumed coverage on British American Tobacco in a research report on Tuesday. They set a “buy” rating for the company. Citigroup reissued a “buy” rating on shares of British American Tobacco in a 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. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.