Alaethes Wealth LLC Purchases 1,111 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Alaethes Wealth LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,735 shares of the company’s stock after acquiring an additional 1,111 shares during the period. Alaethes Wealth LLC’s holdings in British American Tobacco were worth $1,354,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Auxier Asset Management lifted its stake in shares of British American Tobacco by 16.0% during the 2nd quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock valued at $5,778,000 after buying an additional 25,800 shares in the last quarter. Legacy Financial Advisors Inc. bought a new stake in British American Tobacco during the 2nd quarter valued at $296,000. Bulltick Wealth Management LLC lifted its position in shares of British American Tobacco by 0.8% during the second quarter. Bulltick Wealth Management LLC now owns 229,226 shares of the company’s stock worth $7,260,000 after acquiring an additional 1,870 shares in the last quarter. Summit Trail Advisors LLC bought a new position in shares of British American Tobacco in the second quarter worth $236,000. Finally, Thrivent Financial for Lutherans grew its position in shares of British American Tobacco by 3.9% in the second quarter. Thrivent Financial for Lutherans now owns 16,576 shares of the company’s stock valued at $513,000 after purchasing an additional 618 shares in the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

British American Tobacco Stock Performance

British American Tobacco stock opened at $37.44 on Friday. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $83.16 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. The firm’s 50 day simple moving average is $36.28 and its 200 day simple moving average is $32.51.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.