Harbor Investment Advisory LLC decreased its stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,000 shares of the company's stock after selling 1,000 shares during the period. Harbor Investment Advisory LLC's holdings in British American Tobacco were worth $43,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Johnson Midwest Financial LLC boosted its stake in British American Tobacco by 116.7% during the first quarter. Johnson Midwest Financial LLC now owns 650 shares of the company's stock worth $27,000 after buying an additional 350 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in British American Tobacco by 337.6% during the first quarter. JFS Wealth Advisors LLC now owns 652 shares of the company's stock worth $27,000 after buying an additional 503 shares in the last quarter. Addison Advisors LLC boosted its stake in British American Tobacco by 203.6% during the first quarter. Addison Advisors LLC now owns 671 shares of the company's stock worth $28,000 after buying an additional 450 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in British American Tobacco during the second quarter worth $30,000. Finally, Tcwp LLC acquired a new stake in British American Tobacco during the first quarter worth $33,000. Institutional investors and hedge funds own 6.70% of the company's stock.
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British American Tobacco Trading Up 1.6 %
NYSE:BTI opened at $36.67 on Thursday. British American Tobacco p.l.c. has a twelve month low of $33.62 and a twelve month high of $47.24. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $39.98 and a two-hundred day moving average price of $41.64.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BTI. Morgan Stanley lifted their price target on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a research note on Tuesday, July 5th. StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Thursday, September 22nd. Finally, Barclays lifted their price objective on British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a report on Tuesday, June 7th.
British American Tobacco Company Profile
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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.
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