Apollon Wealth Management LLC Lowers Stake in British American Tobacco p.l.c. $BTI

Apollon Wealth Management LLC lessened its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,311 shares of the company’s stock after selling 361 shares during the period. Apollon Wealth Management LLC’s holdings in British American Tobacco were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of BTI. Lockheed Martin Investment Management Co. raised its stake in shares of British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after buying an additional 30,600 shares during the period. Consolidated Portfolio Review Corp acquired a new position in British American Tobacco during the first quarter worth $375,000. Atria Wealth Solutions Inc. lifted its holdings in British American Tobacco by 28.8% during the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after purchasing an additional 5,745 shares in the last quarter. Todd Asset Management LLC grew its position in shares of British American Tobacco by 26.9% in the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after purchasing an additional 157,251 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of British American Tobacco by 12.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock worth $9,650,000 after purchasing an additional 24,962 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BTI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a “buy” rating for the company. Finally, Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Five 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Price Performance

British American Tobacco stock opened at $51.59 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $54.86 and a 200 day moving average price of $49.51. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29. The stock has a market cap of $106.01 billion, a P/E ratio of 10.59, a PEG ratio of 3.64 and a beta of 0.42.

British American Tobacco Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.