Steward Partners Investment Advisory LLC Has $1.70 Million Stake in British American Tobacco p.l.c. $BTI

Steward Partners Investment Advisory LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 394.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,937 shares of the company’s stock after acquiring an additional 28,668 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in British American Tobacco were worth $1,701,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Orbis Allan Gray Ltd increased its stake in British American Tobacco by 20.4% during the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock worth $497,318,000 after purchasing an additional 2,040,011 shares in the last quarter. GQG Partners LLC boosted its holdings in shares of British American Tobacco by 59.8% in the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock valued at $397,089,000 after buying an additional 3,590,916 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of British American Tobacco by 93.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,792,258 shares of the company’s stock valued at $132,158,000 after buying an additional 1,345,175 shares during the period. Newport Trust Company LLC raised its holdings in shares of British American Tobacco by 1.1% during the first quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company’s stock worth $114,779,000 after acquiring an additional 31,205 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 valued at $130,078,000 after acquiring an additional 1,837,106 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 1.0%

Shares of NYSE BTI opened at $58.36 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. The stock has a 50 day moving average price of $53.18 and a 200 day moving average price of $52.08. British American Tobacco p.l.c. has a 52 week low of $34.82 and a 52 week high of $59.29.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a report on Friday. Morgan Stanley restated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Monday, September 8th. Finally, Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.00.

About British American Tobacco

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.