British American Tobacco PLC (NYSE:BTI) Holdings Raised by Sigma Planning Corp

Sigma Planning Corp grew its stake in shares of British American Tobacco PLC (NYSE:BTI) by 44.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,021 shares of the company’s stock after purchasing an additional 4,023 shares during the period. Sigma Planning Corp’s holdings in British American Tobacco were worth $454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lenox Wealth Management Inc. lifted its holdings in shares of British American Tobacco by 153.3% during the first quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock valued at $32,000 after purchasing an additional 469 shares during the last quarter. Alera Investment Advisors LLC lifted its holdings in shares of British American Tobacco by 50.1% during the first quarter. Alera Investment Advisors LLC now owns 833 shares of the company’s stock valued at $35,000 after purchasing an additional 278 shares during the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of British American Tobacco by 141.7% during the first quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock valued at $36,000 after purchasing an additional 506 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of British American Tobacco by 78.5% during the second quarter. Bessemer Group Inc. now owns 1,078 shares of the company’s stock valued at $38,000 after purchasing an additional 474 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of British American Tobacco by 191.5% during the second quarter. Flagship Harbor Advisors LLC now owns 1,131 shares of the company’s stock valued at $39,000 after purchasing an additional 743 shares during the last quarter. 5.75% of the stock is owned by institutional investors and hedge funds.

BTI has been the subject of several analyst reports. Morgan Stanley downgraded British American Tobacco from an “equal” rating to an “underweight” rating in a report on Monday, June 17th. Piper Jaffray Companies downgraded British American Tobacco from an “overweight” rating to a “neutral” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. British American Tobacco presently has an average rating of “Hold” and a consensus price target of $53.00.

British American Tobacco stock traded up $0.48 during mid-day trading on Wednesday, hitting $36.66. The company’s stock had a trading volume of 199,784 shares, compared to its average volume of 1,729,764. The firm’s 50 day moving average is $37.10 and its 200 day moving average is $37.83. The company has a market cap of $78.27 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 1.18 and a beta of 0.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.39. British American Tobacco PLC has a 52-week low of $30.67 and a 52-week high of $54.03.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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