Ipswich Investment Management Co. Inc. raised its holdings in British American Tobacco PLC (NYSE:BTI) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,390 shares of the company’s stock after acquiring an additional 1,950 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in British American Tobacco were worth $714,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Arden Trust Co bought a new position in shares of British American Tobacco in the first quarter valued at approximately $29,000. Orion Portfolio Solutions LLC bought a new position in shares of British American Tobacco in the fourth quarter valued at approximately $32,000. Eudaimonia Partners LLC bought a new position in shares of British American Tobacco in the first quarter valued at approximately $33,000. Pacitti Group Inc. bought a new position in British American Tobacco during the fourth quarter worth $35,000. Finally, Liberty Wealth Management LLC increased its position in British American Tobacco by 51.3% during the first quarter. Liberty Wealth Management LLC now owns 1,079 shares of the company’s stock worth $37,000 after acquiring an additional 366 shares during the period. Hedge funds and other institutional investors own 5.19% of the company’s stock.
BTI has been the topic of a number of research reports. ValuEngine lowered shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Zacks Investment Research lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Morgan Stanley raised shares of British American Tobacco from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $47.50.
British American Tobacco stock traded down $1.28 on Thursday, hitting $37.53. The company’s stock had a trading volume of 21,101 shares, compared to its average volume of 1,486,828. The firm has a market cap of $89.72 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.50 and a beta of 0.94. The company has a quick ratio of 0.38, a current ratio of 0.71 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $39.35 and a 200-day moving average price of $39.83. British American Tobacco PLC has a one year low of $27.32 and a one year high of $45.64.
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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