MADDEN SECURITIES Corp Reduces Holdings in British American Tobacco p.l.c. $BTI

MADDEN SECURITIES Corp reduced its stake in British American Tobacco p.l.c. (NYSE:BTI) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,835 shares of the company’s stock after selling 2,700 shares during the quarter. MADDEN SECURITIES Corp’s holdings in British American Tobacco were worth $1,365,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BTI. GQG Partners LLC increased its holdings in British American Tobacco by 59.8% in the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after buying an additional 3,590,916 shares during the period. Orbis Allan Gray Ltd boosted its stake in shares of British American Tobacco by 20.4% in the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock worth $497,318,000 after buying an additional 2,040,011 shares during the last quarter. WT Asset Management Ltd acquired a new stake in British American Tobacco during the second quarter worth about $37,850,000. Kingstone Capital Partners Texas LLC purchased a new position in British American Tobacco during the second quarter valued at approximately $29,568,000. Finally, Truist Financial Corp lifted its holdings in British American Tobacco by 128.7% in the second quarter. Truist Financial Corp now owns 403,170 shares of the company’s stock valued at $19,082,000 after acquiring an additional 226,907 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BTI. 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 research note on Monday, September 8th. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Saturday, September 27th. Jefferies Financial Group assumed coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Stock Down 0.1%

BTI opened at $51.17 on Tuesday. The company has a market cap of $105.28 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The company has a 50-day moving average price of $55.54 and a 200 day moving average price of $48.91. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

British American Tobacco Company 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.