Venturi Wealth Management LLC Decreases Holdings in British American Tobacco p.l.c. $BTI

Venturi Wealth Management LLC trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 44.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,003 shares of the company’s stock after selling 20,533 shares during the period. Venturi Wealth Management LLC’s holdings in British American Tobacco were worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Capital World Investors grew its stake in 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 worth $502,687,000 after buying an additional 9,397,693 shares during the last quarter. Wealth High Governance Capital Ltda purchased a new stake in British American Tobacco in the fourth quarter valued at about $6,911,000. Assetmark Inc. boosted its holdings in British American Tobacco by 4.3% in the fourth quarter. Assetmark Inc. now owns 557,887 shares of the company’s stock worth $31,588,000 after acquiring an additional 23,141 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in shares of British American Tobacco during the third quarter worth about $14,771,000. Finally, M&T Bank Corp grew its stake in shares of British American Tobacco by 74.6% during the fourth quarter. M&T Bank Corp now owns 102,703 shares of the company’s stock worth $5,815,000 after acquiring an additional 43,886 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. 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. Finally, Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Up 0.6%

BTI opened at $62.83 on Friday. 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 p.l.c. has a 12-month low of $46.38 and a 12-month high of $67.30. The firm has a 50 day moving average of $60.82 and a two-hundred day moving average of $59.42.

British American Tobacco Company 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.