British American Tobacco p.l.c. $BTI is TrueMark Investments LLC’s 2nd Largest Position

TrueMark Investments LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 304,473 shares of the company’s stock after buying an additional 19,130 shares during the period. British American Tobacco accounts for approximately 3.1% of TrueMark Investments LLC’s holdings, making the stock its 2nd biggest holding. TrueMark Investments LLC’s holdings in British American Tobacco were worth $14,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BTI. GQG Partners LLC lifted its holdings in shares of British American Tobacco by 59.8% during the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock valued at $397,089,000 after acquiring an additional 3,590,916 shares in the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of British American Tobacco by 20.4% during the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock valued at $497,318,000 after acquiring an additional 2,040,011 shares in the last quarter. WT Asset Management Ltd acquired a new position in shares of British American Tobacco during the 2nd quarter valued at $37,850,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of British American Tobacco during the 2nd quarter valued at $29,568,000. Finally, Truist Financial Corp lifted its holdings in shares of British American Tobacco by 128.7% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They set a “buy” rating on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Argus upgraded 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. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.00.

British American Tobacco Price Performance

BTI opened at $51.59 on Friday. The company has a 50-day moving average of $54.86 and a 200-day moving average of $49.51. The company has a market capitalization of $106.01 billion, a P/E ratio of 10.59, a PEG ratio of 3.64 and a beta of 0.42. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

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.