According to Tickerreport on November 5, investment firm Atria Investments Inc. reduced its holdings of British American Tobacco (BAT) stocks by 30.1% in the second quarter of 2023. The company now holds 70,847 shares, equivalent to $2.352 million.
In addition, many other hedge funds have recently adjusted their holdings in BTI. BlackRock Inc., a leading investment firm, increased its stake in BAT shares by 11.6% during the first quarter, with the current stock value standing at $237 million. Dimensional Fund Advisors LP, Cetera Investment Advisers, Sequoia Financial Advisors LLC, and NewEdge Advisors LLC have all seen an increase in their holdings as well.
The recent evaluations of BAT stocks by stock analysts were inconsistent. According to a report by Morgan Stanley, BAT stocks received a rating of "hold". Citigroup, on the other hand, gave a rating of "buy". Meanwhile, Argus downgraded the rating of BAT stocks from "buy" to "hold". Currently, two analysts have given a rating of "hold" for the company's stocks, while three analysts have given a rating of "buy".
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