British American Tobacco p.l.c. $BTI Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,742 shares of the company’s stock after selling 10,244 shares during the period. Ritholtz Wealth Management’s holdings in British American Tobacco were worth $8,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BTI. Wilmington Savings Fund Society FSB raised its holdings in shares of British American Tobacco by 4.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,552 shares of the company’s stock worth $401,000 after purchasing an additional 299 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of British American Tobacco by 33.0% during the 3rd quarter. Rakuten Securities Inc. now owns 8,878 shares of the company’s stock valued at $471,000 after buying an additional 2,202 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of British American Tobacco by 0.8% in the 3rd quarter. Stephens Inc. AR now owns 88,753 shares of the company’s stock valued at $4,711,000 after buying an additional 746 shares during the period. Exencial Wealth Advisors LLC acquired a new stake in British American Tobacco during the third quarter worth about $232,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in British American Tobacco by 3.0% in the third quarter. Concurrent Investment Advisors LLC now owns 8,974 shares of the company’s stock valued at $476,000 after acquiring an additional 259 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of BTI stock opened at $58.10 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $35.37 and a fifty-two week high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The stock’s fifty day moving average is $56.43 and its two-hundred day moving average is $54.49.

Analysts Set New Price Targets

BTI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Kepler Capital Markets assumed coverage on British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.00.

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.