11,404 Shares in British American Tobacco p.l.c. $BTI Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 1st quarter, Holdings Channel.com reports. The firm acquired 11,404 shares of the company’s stock, valued at approximately $667,000.

A number of other large investors have also recently bought and sold shares of BTI. First Command Advisory Services Inc. increased its holdings 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 valued at $25,000 after buying an additional 416 shares during the period. Glen Eagle Advisors LLC bought a new stake in shares of British American Tobacco during the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its position in shares of British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $35,000. Finally, Cary Street Partners Financial LLC bought a new position in British American Tobacco in the second quarter valued at approximately $30,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on BTI. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Six research 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, British American Tobacco has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $58.97 on Tuesday. The firm’s 50 day moving average is $61.73 and its 200 day moving average is $59.74. British American Tobacco p.l.c. has a 1 year low of $49.88 and a 1 year high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

About British American Tobacco

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.