British American Tobacco p.l.c. $BTI Stock: Lifetime Wealth Management P.C. Trims Holdings

Lifetime Wealth Management P.C. cut its stake in British American Tobacco p.l.c. (NYSE:BTI) by 17.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,147 shares of the company’s stock after selling 11,996 shares during the quarter. British American Tobacco makes up approximately 1.9% of Lifetime Wealth Management P.C.’s portfolio, making the stock its 16th largest holding. Lifetime Wealth Management P.C.’s holdings in British American Tobacco were worth $3,109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BTI. Bank of America Corp DE increased its stake in British American Tobacco by 34.4% during the 1st quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock worth $569,313,000 after buying an additional 2,494,576 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of British American Tobacco by 3,899.7% during the first quarter. WCM Investment Management LLC now owns 2,362,818 shares of the company’s stock valued at $137,658,000 after acquiring an additional 2,303,743 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of British American Tobacco by 710.3% during the second quarter. NewEdge Advisors LLC now owns 748,245 shares of the company’s stock valued at $46,212,000 after acquiring an additional 655,908 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of British American Tobacco by 36.3% in the second quarter. Maple Rock Capital Partners Inc. now owns 2,166,000 shares of the company’s stock valued at $133,772,000 after acquiring an additional 576,900 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of British American Tobacco by 75.3% in the first quarter. Sei Investments Co. now owns 1,303,646 shares of the company’s stock valued at $76,223,000 after acquiring an additional 559,858 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $61.48 on Monday. The business’s 50 day moving average price is $56.49 and its 200 day moving average price is $59.13. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a one year low of $51.03 and a one year high of $67.30.

British American Tobacco (NYSE:BTI) last issued its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($1.10). The business had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $16.42 billion. As a group, research analysts forecast that British American Tobacco p.l.c. will post 4.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BTI shares. Royal Bank Of Canada reaffirmed a “sell” rating on shares of British American Tobacco in a research note on Friday, September 11th. BTIG Research initiated coverage on British American Tobacco in a research note on Tuesday, July 21st. They issued a “buy” rating for the company. SBG Securities upgraded British American Tobacco to a “buy” rating in a report on Friday, August 7th. UBS Group reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of British American Tobacco in a research note on Monday, August 31st. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.10.

About British American Tobacco

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.