Venturi Wealth Management LLC Trims Holdings in British American Tobacco p.l.c. $BTI

Venturi Wealth Management LLC reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 44.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,003 shares of the company’s stock after selling 20,533 shares during the quarter. Venturi Wealth Management LLC’s holdings in British American Tobacco were worth $1,520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. First Command Advisory Services Inc. lifted its holdings in British American Tobacco by 1,386.7% during the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after buying an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new position in British American Tobacco in the 4th quarter worth about $26,000. Cary Street Partners Financial LLC purchased a new position in shares of British American Tobacco during the second quarter worth approximately $30,000. SHP Wealth Management bought a new stake in shares of British American Tobacco during the fourth quarter valued at approximately $35,000. Finally, Cornerstone Planning Group LLC boosted its holdings 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 valued at $36,000 after purchasing an additional 346 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $62.83 on Friday. British American Tobacco p.l.c. has a 1-year low of $46.38 and a 1-year high of $67.30. The business has a fifty day moving average price of $60.82 and a 200 day moving average price of $59.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

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.