Bogart Wealth LLC Increases Stake in British American Tobacco p.l.c. $BTI

Bogart Wealth LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 27.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,629 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Bogart Wealth LLC’s holdings in British American Tobacco were worth $219,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in British American Tobacco by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 6,681 shares of the company’s stock worth $276,000 after acquiring an additional 1,411 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of British American Tobacco by 26.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 111,922 shares of the company’s stock worth $4,630,000 after purchasing an additional 23,359 shares during the last quarter. Live Oak Private Wealth LLC purchased a new position in British American Tobacco during the 1st quarter valued at about $206,000. TrueMark Investments LLC lifted its holdings in British American Tobacco by 53.2% in the 1st quarter. TrueMark Investments LLC now owns 285,343 shares of the company’s stock worth $11,805,000 after buying an additional 99,086 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of British American Tobacco by 12.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock worth $9,650,000 after buying an additional 24,962 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 0.9%

Shares of NYSE BTI opened at $51.16 on Tuesday. British American Tobacco p.l.c. has a 1 year low of $34.17 and a 1 year high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The firm has a 50-day moving average of $54.72 and a 200 day moving average of $49.64. The stock has a market cap of $105.13 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.42.

Wall Street Analysts Forecast Growth

BTI has been the subject of a number of recent analyst reports. Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Monday, September 8th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.00.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.