Beverly Hills Private Wealth LLC Has $349,000 Stake in British American Tobacco p.l.c. $BTI

Beverly Hills Private Wealth LLC increased its position in British American Tobacco p.l.c. (NYSE:BTI) by 12.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,383 shares of the company’s stock after purchasing an additional 817 shares during the period. Beverly Hills Private Wealth LLC’s holdings in British American Tobacco were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTI. GQG Partners LLC boosted its stake 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 purchasing 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% 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 buying an additional 2,040,011 shares during the period. WT Asset Management Ltd acquired a new stake in shares of British American Tobacco during the 2nd quarter valued at $37,850,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of British American Tobacco during the 2nd quarter valued at $29,568,000. Finally, Truist Financial Corp boosted its stake 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 buying an additional 226,907 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Morgan Stanley restated an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Monday, September 8th. Finally, Jefferies Financial Group initiated coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $51.16 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The firm’s 50-day simple moving average is $54.72 and its 200-day simple moving average is $49.64. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The firm has a market cap of $105.13 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.42.

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.