Euro Pacific Asset Management LLC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 11.2% in the 3rd quarter, Holdings Channel reports. The fund owned 721,947 shares of the company’s stock after acquiring an additional 72,901 shares during the quarter. British American Tobacco accounts for approximately 2.6% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 12th biggest position. Euro Pacific Asset Management LLC’s holdings in British American Tobacco were worth $40,279,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in BTI. Perpetual Ltd lifted its position in British American Tobacco by 8.4% during the 3rd quarter. Perpetual Ltd now owns 33,041 shares of the company’s stock worth $1,797,000 after acquiring an additional 2,558 shares during the period. HF Advisory Group LLC grew its stake in shares of British American Tobacco by 9.4% in the 3rd quarter. HF Advisory Group LLC now owns 60,282 shares of the company’s stock valued at $3,279,000 after purchasing an additional 5,171 shares during the last quarter. Dupree Financial Group LLC increased its holdings in shares of British American Tobacco by 2.9% in the third quarter. Dupree Financial Group LLC now owns 173,790 shares of the company’s stock valued at $9,454,000 after purchasing an additional 4,974 shares during the period. Sound Income Strategies LLC increased its holdings in shares of British American Tobacco by 5.8% in the third quarter. Sound Income Strategies LLC now owns 4,461 shares of the company’s stock valued at $247,000 after purchasing an additional 245 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of British American Tobacco by 38.8% during the third quarter. Wedmont Private Capital now owns 5,176 shares of the company’s stock worth $287,000 after purchasing an additional 1,447 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.
British American Tobacco Stock Up 0.2%
NYSE:BTI traded up $0.09 during mid-day trading on Tuesday, reaching $55.71. The stock had a trading volume of 3,706,901 shares, compared to its average volume of 4,557,264. British American Tobacco p.l.c. has a twelve month low of $49.88 and a twelve month high of $67.30. The business has a 50 day simple moving average of $55.86 and a 200 day simple moving average of $58.87. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BTI shares. SBG Securities raised British American Tobacco to a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada reiterated a “sell” rating on shares of British American Tobacco in a research report on Friday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a research note on Monday, August 31st. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, BTIG Research assumed coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They set a “buy” rating for the company. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and an average target price of $68.10.
View Our Latest Stock Analysis on British American Tobacco
British American Tobacco Profile
British American Tobacco p.l.c. (NYSE:BTI) is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.
Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.
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