Valeo Financial Advisors LLC Buys 3,468 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Posted by Defense World Staff on Jun 29th, 2023

Valeo Financial Advisors LLC increased its stake in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 31.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,452 shares of the company’s stock after purchasing an additional 3,468 shares during the period. Valeo Financial Advisors LLC’s holdings in British American Tobacco were worth $508,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Viking Fund Management LLC raised its position in shares of British American Tobacco by 28.0% in the 1st quarter. Viking Fund Management LLC now owns 160,000 shares of the company’s stock valued at $5,619,000 after buying an additional 35,000 shares in the last quarter. AE Wealth Management LLC increased its stake in British American Tobacco by 2.7% in the first quarter. AE Wealth Management LLC now owns 72,292 shares of the company’s stock valued at $2,539,000 after acquiring an additional 1,909 shares during the last quarter. Hennessy Advisors Inc. raised its position in British American Tobacco by 11.9% during the first quarter. Hennessy Advisors Inc. now owns 157,700 shares of the company’s stock valued at $5,538,000 after purchasing an additional 16,800 shares in the last quarter. Raymond James & Associates lifted its stake in British American Tobacco by 4.2% during the first quarter. Raymond James & Associates now owns 3,666,945 shares of the company’s stock worth $128,783,000 after purchasing an additional 149,051 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of British American Tobacco by 6.4% in the 1st quarter. National Bank of Canada FI now owns 113,107 shares of the company’s stock valued at $3,939,000 after purchasing an additional 6,817 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

British American Tobacco Stock Down 1.4 %

Shares of NYSE:BTI opened at $32.74 on Thursday. British American Tobacco p.l.c. has a 52-week low of $31.64 and a 52-week high of $44.36. The company has a current ratio of 0.86, a quick ratio of 0.55 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $33.87 and a 200-day moving average of $36.49.

Wall Street Analysts Forecast Growth

BTI has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Monday, March 13th. StockNews.com assumed coverage on shares of British American Tobacco in a report on Thursday, May 18th. They issued a “buy” rating for the company.

British American Tobacco Profile

(Free Report)

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, 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.