20,000 Shares in British American Tobacco p.l.c. $BTI Bought by Empirical Finance LLC

Empirical Finance LLC acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company's stock, valued at approximately $1,235,000.

Several other hedge funds also recently made changes to their positions in the company. First Command Advisory Services Inc. increased its stake in shares of British American Tobacco by 1,386.7% during the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company's stock worth $25,000 after acquiring an additional 416 shares during the period. Glen Eagle Advisors LLC purchased a new stake in British American Tobacco in the 4th quarter valued at approximately $26,000. Cary Street Partners Financial LLC acquired a new position in British American Tobacco during the 2nd quarter worth approximately $30,000. SHP Wealth Management purchased a new position in shares of British American Tobacco during the 4th quarter worth approximately $35,000. Finally, Binnacle Investments Inc raised its stake in shares of British American Tobacco by 163.2% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company's stock worth $40,000 after buying an additional 465 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of British American Tobacco in a report on Thursday, May 14th. Weiss Ratings reissued a "buy (b)" rating on shares of British American Tobacco in a report on Monday, August 31st. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Morgan Stanley reiterated an "overweight" rating and issued a $68.10 price target on shares of British American Tobacco in a report on Monday. Finally, BTIG Research initiated coverage on shares of British American Tobacco in a research note on Tuesday, July 21st. They issued a "buy" rating for the company. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, British American Tobacco has an average rating of "Moderate Buy" and a consensus price target of $68.10.

British American Tobacco Stock Performance

NYSE:BTI opened at $54.33 on Thursday. British American Tobacco p.l.c. has a 52-week low of $49.88 and a 52-week high of $67.30. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $58.68 and a 200-day simple moving average of $59.69.

British American Tobacco (NYSE:BTI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate 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. Equities research analysts predict that British American Tobacco p.l.c. will post 4.86 earnings per share for the current year.

British American Tobacco Profile

British American Tobacco p.l.c. is a multinational consumer products company focused primarily on tobacco and nicotine products. Its portfolio includes combustible cigarettes, roll-your-own tobacco, cigars and heated tobacco products, as well as newer categories such as vapor products and modern oral nicotine products.

The company markets a range of internationally recognized brands, including Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport. Through its U.S. business, Reynolds American, BAT also owns or markets brands such as Camel and Natural American Spirit.

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