Golden State Equity Partners Invests $245,000 in British American Tobacco p.l.c. $BTI

Golden State Equity Partners bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,177 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in British American Tobacco by 34.3% during the second quarter. GAMMA Investing LLC now owns 8,974 shares of the company’s stock valued at $425,000 after buying an additional 2,293 shares during the period. Park Avenue Securities LLC grew its position in British American Tobacco by 66.9% during the second quarter. Park Avenue Securities LLC now owns 56,520 shares of the company’s stock valued at $2,675,000 after buying an additional 22,654 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in British American Tobacco by 1.7% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 27,197 shares of the company’s stock valued at $1,287,000 after buying an additional 457 shares during the period. Farther Finance Advisors LLC grew its position in British American Tobacco by 42.1% during the second quarter. Farther Finance Advisors LLC now owns 5,822 shares of the company’s stock valued at $276,000 after buying an additional 1,724 shares during the period. Finally, Silver Oak Securities Incorporated grew its position in British American Tobacco by 3.4% during the second quarter. Silver Oak Securities Incorporated now owns 11,520 shares of the company’s stock valued at $545,000 after buying an additional 377 shares during the period. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BTI shares. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Jefferies Financial Group began coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They set a “buy” rating on the stock. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Trading Down 1.4%

Shares of British American Tobacco stock opened at $53.13 on Wednesday. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29. The company has a market cap of $109.32 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 3.70 and a beta of 0.40. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $55.50 and its 200-day moving average price is $48.17.

British American Tobacco Profile

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