165,036 Shares in British American Tobacco p.l.c. $BTI Bought by Transmarket Holdings LP

Key Points

• Transmarket Holdings LP acquired 165,036 shares of British American Tobacco worth approximately $8.98 million, making BTI 5% of its portfolio and its fifth-largest holding.
• Institutional ownership stands at 16.16%, with several other investors recently initiating or increasing positions in the tobacco and nicotine-products company.
• Analysts maintain a consensus “Moderate Buy” rating with a $68.10 price target, while BTI recently reported quarterly earnings of $1.11 per share, below the $2.21 consensus estimate.

Transmarket Holdings LP bought a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 165,036 shares of the company's stock, valued at approximately $8,978,000. British American Tobacco makes up 5.0% of Transmarket Holdings LP's investment portfolio, making the stock its 5th largest holding.

A number of other large investors also recently modified their holdings of BTI. West Financial Advisors LLC bought a new stake in British American Tobacco during the 3rd quarter valued at $29,000. NFSG Corp lifted its stake in shares of British American Tobacco by 69.4% in the third quarter. NFSG Corp now owns 881 shares of the company's stock valued at $48,000 after buying an additional 361 shares in the last quarter. Community Bank N.A. bought a new position in shares of British American Tobacco in the second quarter valued at $55,000. Root Financial Partners LLC acquired a new position in shares of British American Tobacco during the third quarter valued at about $66,000. Finally, Compass Wealth Management LLC acquired a new position in shares of British American Tobacco during the third quarter valued at about $73,000. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BTI shares. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Morgan Stanley reaffirmed an "overweight" rating and issued a $68.10 price target on shares of British American Tobacco in a research report on Monday, September 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of British American Tobacco in a research note on Monday, August 31st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of British American Tobacco in a report on Thursday, October 1st. Finally, Morningstar raised British American Tobacco to a "buy" rating in a research note on Thursday, September 10th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, British American Tobacco currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.10.

British American Tobacco Stock Performance

Shares of BTI stock opened at $59.76 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 52 week low of $50.84 and a 52 week high of $67.30. The firm's 50-day simple moving average is $56.29 and its two-hundred day simple moving average is $59.07.

British American Tobacco (NYSE:BTI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.21 by ($1.10). The business had revenue of $8.10 billion for the quarter, compared to analysts' expectations of $16.42 billion. On average, equities research analysts forecast that British American Tobacco p.l.c. will post 4.79 earnings per share for the current year.

About British American Tobacco

British American Tobacco p.l.c. NYSE: BTI is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.

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