LFG Wealth Partners LLC Buys Shares of 51,410 British American Tobacco p.l.c. $BTI

LFG Wealth Partners LLC bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 51,410 shares of the company’s stock, valued at approximately $2,911,000. British American Tobacco comprises about 1.9% of LFG Wealth Partners LLC’s holdings, making the stock its 15th largest position.

A number of other institutional investors also recently modified their holdings of BTI. AQR Capital Management LLC lifted its stake in shares of British American Tobacco by 35.2% during the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after buying an additional 7,270 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of British American Tobacco by 42.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after buying an additional 2,521 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of British American Tobacco by 10.2% during the 2nd quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after buying an additional 559 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of British American Tobacco by 58.6% during the 2nd quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after buying an additional 5,486 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of British American Tobacco by 5.4% during the 2nd quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after buying an additional 816 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

NYSE BTI opened at $61.01 on Tuesday. British American Tobacco p.l.c. has a 1 year low of $46.38 and a 1 year high of $67.30. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $60.45 and its two-hundred day simple moving average is $59.26.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

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.