Thompson Davis & CO. Inc. Invests $204,000 in British American Tobacco p.l.c. $BTI

Thompson Davis & CO. Inc. purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,302 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds have also recently bought and sold shares of the company. Orbis Allan Gray Ltd boosted its stake in 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 purchasing an additional 2,040,011 shares in the last quarter. GQG Partners LLC boosted its stake in shares of British American Tobacco by 59.8% in the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock valued at $397,089,000 after purchasing an additional 3,590,916 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of British American Tobacco by 93.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,792,258 shares of the company’s stock valued at $132,158,000 after acquiring an additional 1,345,175 shares during the last quarter. Newport Trust Company LLC raised its position in shares of British American Tobacco by 1.1% in the 1st quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company’s stock valued at $114,779,000 after acquiring an additional 31,205 shares during the period. Finally, Northern Trust Corp grew its stake in British American Tobacco by 1.5% in the first quarter. Northern Trust Corp now owns 2,473,942 shares of the company’s stock valued at $102,347,000 after acquiring an additional 35,926 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

NYSE:BTI opened at $54.47 on Friday. 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 p.l.c. has a 52 week low of $34.82 and a 52 week high of $59.29. The firm’s 50-day simple moving average is $53.22 and its 200 day simple moving average is $51.03.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BTI shares. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Monday, September 8th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. 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. Finally, Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research note on Friday, August 15th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.00.

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.