AE Wealth Management LLC Purchases 4,240 Shares of British American Tobacco PLC (NYSE:BTI)

AE Wealth Management LLC increased its position in shares of British American Tobacco PLC (NYSE:BTI) by 33.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,802 shares of the company’s stock after buying an additional 4,240 shares during the quarter. AE Wealth Management LLC’s holdings in British American Tobacco were worth $713,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of British American Tobacco by 100.6% during the third quarter. SG Americas Securities LLC now owns 88,017 shares of the company’s stock worth $3,248,000 after buying an additional 44,150 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of British American Tobacco by 3.8% during the third quarter. Parametric Portfolio Associates LLC now owns 2,001,397 shares of the company’s stock worth $73,852,000 after buying an additional 72,456 shares in the last quarter. Meritage Portfolio Management bought a new position in shares of British American Tobacco during the third quarter worth about $4,448,000. Coronation Fund Managers Ltd. grew its holdings in shares of British American Tobacco by 13.4% during the third quarter. Coronation Fund Managers Ltd. now owns 109,344 shares of the company’s stock worth $4,035,000 after buying an additional 12,924 shares in the last quarter. Finally, Maverick Capital Ltd. grew its holdings in shares of British American Tobacco by 10.7% during the third quarter. Maverick Capital Ltd. now owns 2,438,020 shares of the company’s stock worth $89,963,000 after buying an additional 235,928 shares in the last quarter. Institutional investors and hedge funds own 5.34% of the company’s stock.

Shares of NYSE BTI opened at $45.11 on Tuesday. The stock has a 50 day moving average price of $42.54 and a 200 day moving average price of $37.96. British American Tobacco PLC has a 52 week low of $30.91 and a 52 week high of $45.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.39 and a current ratio of 0.73. The stock has a market capitalization of $96.13 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

A number of research analysts recently issued reports on BTI shares. Bank of America upgraded British American Tobacco from an “underperform” rating to a “buy” rating in a report on Monday, December 16th. Zacks Investment Research downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Argus increased their price objective on British American Tobacco from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, ValuEngine downgraded British American Tobacco from a “sell” rating to a “strong sell” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. British American Tobacco currently has a consensus rating of “Hold” and a consensus price target of $45.00.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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