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Commonwealth Equity Services LLC Increases Stock Holdings in British American Tobacco P.l.c. (NYSE:BTI)

Defense World ·  Oct 3, 2022 05:11

Commonwealth Equity Services LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 297,792 shares of the company's stock after purchasing an additional 50,554 shares during the quarter. Commonwealth Equity Services LLC's holdings in British American Tobacco were worth $12,778,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Johnson Midwest Financial LLC raised its stake in British American Tobacco by 116.7% in the 1st quarter. Johnson Midwest Financial LLC now owns 650 shares of the company's stock valued at $27,000 after purchasing an additional 350 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in British American Tobacco by 337.6% in the 1st quarter. JFS Wealth Advisors LLC now owns 652 shares of the company's stock valued at $27,000 after purchasing an additional 503 shares during the last quarter. Addison Advisors LLC raised its stake in British American Tobacco by 203.6% in the 1st quarter. Addison Advisors LLC now owns 671 shares of the company's stock valued at $28,000 after purchasing an additional 450 shares during the last quarter. GoalVest Advisory LLC acquired a new position in British American Tobacco in the 2nd quarter valued at $30,000. Finally, Tcwp LLC acquired a new position in British American Tobacco in the 1st quarter valued at $33,000. 6.70% of the stock is owned by institutional investors and hedge funds.

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British American Tobacco Stock Down 1.3 %

Shares of NYSE:BTI opened at $35.50 on Monday. The business has a 50-day moving average price of $39.76 and a 200 day moving average price of $41.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.88 and a quick ratio of 0.52. British American Tobacco p.l.c. has a 12-month low of $33.62 and a 12-month high of $47.24.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised their target price on British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a research note on Tuesday, June 7th. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Morgan Stanley raised their target price on British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a research note on Tuesday, July 5th.

British American Tobacco 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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