Published: Sat, January 13, 2018
Finance | By Loren Pratt

British American Tobacco (BTI) Cut to "Hold" at Zacks Investment Research

British American Tobacco (BTI) Cut to

British American Tobacco has a fifty-two week low of $56.38 and a fifty-two week high of $73.41. The stock decreased 0.12% or $0.08 during the last trading session, reaching $66.89. About 813,091 shares traded. Finally, Comerica Bank increased its stake in shares of British American Tobacco PLC by 11.7% in the fourth quarter. It has outperformed by 1.08% the S&P500.

Athena Capital Advisors Llc increased its stake in British Amern Tob Plc (BTI) by 1179.22% based on its latest 2017Q3 regulatory filing with the SEC. First Personal Financial Services now owns 2,925 shares of the company's stock worth $200,000 after acquiring an additional 1,986 shares during the period. Its up 13.7% from 27,000 shares previously.

Jefferies analysts estimated the 6 percent benefit equates to around 400 million pounds ($541 million), or about 2 percent of sales, and suggested the investment could help BAT compete against Philip Morris International PM.N in the growing market for cigarette alternatives seen as less unsafe than smoking. The stock increased 1.59% or $2.25 during the last trading session, reaching $144.14. About 4,110 shares traded. Gartner, Inc. (NYSE:IT) has risen 15.57% since January 7, 2017 and is uptrending. It has underperformed by 4.16% the S&P500. Meiji Yasuda Asset Management Com has invested 1% in Citigroup Inc. It also reduced its holding in Johnson & Johnson Com Usd1 (NYSE:JNJ) by 2,711 shares in the quarter, leaving it with 236,489 shares, and cut its stake in Citigroup Inc Com New Com New (NYSE:C). Jefferies Group set a $78.00 price target on British American Tobacco and gave the company a "buy" rating in a research report on Saturday, November 18th. Therefore 69% are positive. The firm earned "Market Perform" rating on Tuesday, August 25 by Cowen & Co. The firm earned "Hold" rating on Friday, July 29 by Societe Generale.

Zacks Investment Research downgraded shares of British American Tobacco (NYSE:BTI) from a buy rating to a hold rating in a research note published on Tuesday, January 2nd. The company has a consensus rating of "Buy" and a consensus target price of $77.33. Cadence Bank NA increased its stake in shares of British American Tobacco PLC by 5.6% in the fourth quarter. It also reduced Republic Svcs Inc (NYSE:RSG) stake by 51,743 shares and now owns 270,229 shares. JNJ's profit will be $4.62 billion for 20.95 P/E if the $1.72 EPS becomes a reality. It now has negative earnings. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. Johnson & Johnson had 84 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was reinitiated by Bank of America on Tuesday, August 4 with "Buy".

The 5 percent to 6 percent revenue boost from the corporate tax-rate cut should be experienced by many USA -based corporations, as well as those with foreign-based parent companies, said Stephen Pope, managing principal of Spotlight Ideas, a financial services firm based in London. The rating was initiated by Societe Generale on Wednesday, April 6 with "Hold". Barclays Capital maintained it with "Overweight" rating and $60 target in Monday, March 14 report. The company was maintained on Wednesday, October 18 by Stifel Nicolaus. Its the same as in 2017Q2. The firm owned 13,261 shares of the company's stock after buying an additional 10,770 shares during the period.

Last year, BAT finalised the acquisition of the 57.8pc of Reynolds American that it did not already own. Saturna Cap Corp owns 181,441 shares or 0.73% of their U.S. portfolio. Jackson Wealth Limited Liability has 22,250 shares for 0.45% of their portfolio. Mirador Cap Partners Ltd Partnership stated it has 0.46% in Johnson & Johnson (NYSE:JNJ). Landscape Mgmt Ltd Liability Company accumulated 19,560 shares. Bb&T has 1.38% invested in Johnson & Johnson (NYSE:JNJ). Pnc Services Group Incorporated Inc owns 33,046 shares. Cibc Asset Management reported 9,806 shares or 0.01% of all its holdings. Employees Retirement Sys Of Texas invested in 0.01% or 5,000 shares. Citizens & Northern stated it has 0.86% in Johnson & Johnson (NYSE:JNJ).

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