LFG Wealth Partners LLC Takes Position in British American Tobacco p.l.c. $BTI

LFG Wealth Partners LLC bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 51,410 shares of the company’s stock, valued at approximately $2,911,000. British American Tobacco makes up approximately 1.9% of LFG Wealth Partners LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other large investors also recently modified their holdings of the stock. AlphaCore Capital LLC grew its position in British American Tobacco by 1.6% in the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock worth $614,000 after purchasing an additional 170 shares in the last quarter. Coldstream Capital Management Inc. grew its position in British American Tobacco by 3.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock worth $283,000 after purchasing an additional 181 shares in the last quarter. NewEdge Wealth LLC grew its position in British American Tobacco by 0.3% in the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock worth $3,323,000 after purchasing an additional 187 shares in the last quarter. Sage Rhino Capital LLC grew its position in British American Tobacco by 3.2% in the 4th quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock worth $405,000 after purchasing an additional 219 shares in the last quarter. Finally, Ariadne Wealth Management LP grew its position in British American Tobacco by 3.6% in the 3rd quarter. Ariadne Wealth Management LP now owns 6,530 shares of the company’s stock worth $356,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

BTI opened at $61.01 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a twelve month low of $46.38 and a twelve month high of $67.30. The company’s 50-day moving average price is $60.45 and its two-hundred day moving average price is $59.26.

Wall Street Analyst Weigh In

BTI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

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.