Gibbs Wealth Management Makes New Investment in British American Tobacco p.l.c. $BTI

Gibbs Wealth Management purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,071 shares of the company’s stock, valued at approximately $764,000.

Several other large investors have also recently made changes to their positions in the business. First Command Advisory Services Inc. boosted its stake in shares of British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC purchased a new position in British American Tobacco in the 4th quarter worth $26,000. Cornerstone Planning Group LLC raised its position in British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after purchasing an additional 346 shares during the period. SHP Wealth Management bought a new stake in British American Tobacco in the fourth quarter worth $35,000. Finally, Cary Street Partners Financial LLC bought a new stake in British American Tobacco in the second quarter worth $30,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BTI. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. BTIG Research initiated coverage on British American Tobacco in a report on Tuesday. They set a “buy” rating for the company. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Up 1.8%

NYSE BTI opened at $60.89 on Friday. British American Tobacco p.l.c. has a 1 year low of $49.88 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The business’s 50-day moving average is $61.60 and its 200 day moving average is $59.98.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.