Creative Planning reduced its position in shares of British American Tobacco PLC (NYSE:BTI) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,554 shares of the company’s stock after selling 1,671 shares during the period. Creative Planning’s holdings in British American Tobacco PLC were worth $929,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Smith Shellnut Wilson LLC ADV purchased a new position in British American Tobacco PLC during the second quarter worth approximately $221,000. Atria Investments LLC raised its position in British American Tobacco PLC by 17.1% in the second quarter. Atria Investments LLC now owns 4,067 shares of the company’s stock worth $279,000 after buying an additional 593 shares in the last quarter. Hays Advisory LLC raised its position in British American Tobacco PLC by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock worth $283,000 after buying an additional 199 shares in the last quarter. RB Capital Management LLC purchased a new position in British American Tobacco PLC during the second quarter worth approximately $306,000. Finally, United States Steel & Carnegie Pension Fund raised its position in British American Tobacco PLC by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock worth $42,206,000 after buying an additional 485,100 shares in the last quarter.
British American Tobacco PLC (NYSE BTI) opened at 71.55 on Friday. The company has a market cap of $133.03 billion and a price-to-earnings ratio of 22.27. The stock has a 50 day moving average of $69.87 and a 200-day moving average of $78.48. British American Tobacco PLC has a 52-week low of $52.71 and a 52-week high of $130.40.
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BTI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of British American Tobacco PLC from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Friday, April 21st. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco PLC and gave the company a “buy” rating in a research report on Thursday, July 6th. Exane BNP Paribas raised shares of British American Tobacco PLC to an “outperform” rating in a research report on Thursday, April 6th. Finally, Piper Jaffray Companies initiated coverage on shares of British American Tobacco PLC in a research report on Thursday, May 25th. They issued an “overweight” rating and a $59.00 price target on the stock.
British American Tobacco PLC Company Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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