11,996 British American Tobacco p.l.c. $BTI Shares Sold by Lifetime Wealth Management P.C.

Lifetime Wealth Management P.C. lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 17.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 57,147 shares of the company’s stock after selling 11,996 shares during the period. British American Tobacco comprises about 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of British American Tobacco by 34.4% in the first 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 during the last quarter. Royal Bank of Canada raised its position in British American Tobacco by 18.1% during the first quarter. Royal Bank of Canada now owns 2,413,551 shares of the company’s stock valued at $141,120,000 after acquiring an additional 369,993 shares in the last quarter. WCM Investment Management LLC lifted its holdings in British American Tobacco by 3,899.7% in 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 period. Maple Rock Capital Partners Inc. lifted its holdings in 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 during the period. Finally, Sei Investments Co. lifted its holdings in 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 during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Price Performance

British American Tobacco stock opened at $61.48 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84. The business has a 50 day simple moving average of $56.49 and a 200-day simple moving average of $59.13. British American Tobacco p.l.c. has a 12 month low of $51.03 and a 12 month high of $67.30.

British American Tobacco (NYSE:BTI) last announced its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $16.42 billion. Analysts anticipate that British American Tobacco p.l.c. will post 4.79 EPS for the current year.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 2nd. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. The Goldman Sachs Group upgraded shares of British American Tobacco to a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, October 1st. Finally, Morningstar upgraded shares of British American Tobacco to a “buy” rating in a research report on Thursday, September 10th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.10.

British American Tobacco Profile

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.