23,166 Shares of British American Tobacco p.l.c. $BTI Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, HoldingsChannel.com reports. The firm bought 23,166 shares of the company’s stock, valued at approximately $1,260,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BTI. Financial Network Wealth Advisors LLC increased its holdings in shares of British American Tobacco by 101.9% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the period. West Financial Advisors LLC bought a new position in shares of British American Tobacco in the 3rd quarter worth $29,000. Signature Equity Partners LLC lifted its stake in shares of British American Tobacco by 121.7% during the 3rd quarter. Signature Equity Partners LLC now owns 778 shares of the company’s stock worth $42,000 after purchasing an additional 427 shares during the last quarter. NFSG Corp lifted its stake in shares of British American Tobacco by 69.4% during the 3rd quarter. NFSG Corp now owns 881 shares of the company’s stock worth $48,000 after purchasing an additional 361 shares during the last quarter. Finally, Community Bank N.A. bought a new stake in British American Tobacco during the second quarter valued at about $55,000. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a research report on Monday, August 31st. BTIG Research assumed coverage on shares of British American Tobacco in a report on Tuesday, July 21st. They issued a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating and issued a $68.10 price target on shares of British American Tobacco in a report on Monday, September 7th. Finally, Morningstar raised shares of British American Tobacco to a “buy” rating in a research report on Thursday, September 10th. Thirteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.10.

British American Tobacco Stock Performance

BTI opened at $62.96 on Thursday. British American Tobacco p.l.c. has a 52-week low of $52.06 and a 52-week high of $67.30. 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 firm’s 50-day moving average price is $56.82 and its 200-day moving average price is $59.20.

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.