Lockheed Martin Investment Management Co. Has $24.94 Million Position in British American Tobacco p.l.c. $BTI

Lockheed Martin Investment Management Co. lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,400 shares of the company’s stock after buying an additional 18,600 shares during the period. British American Tobacco comprises about 0.8% of Lockheed Martin Investment Management Co.’s investment portfolio, making the stock its 26th largest holding. Lockheed Martin Investment Management Co.’s holdings in British American Tobacco were worth $24,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. WCM Investment Management LLC bought a new position in shares of British American Tobacco in the 3rd quarter valued at $1,612,000. Truist Financial Corp increased its stake in shares of British American Tobacco by 6.0% in the 3rd quarter. Truist Financial Corp now owns 427,284 shares of the company’s stock valued at $22,680,000 after purchasing an additional 24,114 shares during the last quarter. AdvisorShares Investments LLC increased its stake in shares of British American Tobacco by 252.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company’s stock valued at $1,319,000 after purchasing an additional 17,798 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of British American Tobacco by 8.7% during the 3rd quarter. Federated Hermes Inc. now owns 3,779,137 shares of the company’s stock valued at $200,597,000 after acquiring an additional 303,136 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of British American Tobacco by 12,870.7% during the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after acquiring an additional 9,397,693 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BTI shares. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Down 2.3%

Shares of British American Tobacco stock opened at $65.15 on Friday. British American Tobacco p.l.c. has a 52 week low of $41.75 and a 52 week high of $67.30. The business has a 50 day moving average price of $58.85 and a 200-day moving average price of $57.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

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.