63,810 Shares in British American Tobacco p.l.c. $BTI Bought by Country Club Bank

Key Points

• Country Club Bank has acquired a new stake in British American Tobacco p.l.c., purchasing 63,810 shares valued at approximately $2.997 million during the second quarter.
• Several institutional investors, including GQG Partners LLC and Truist Financial Corp, have significantly increased their holdings in the company, indicating growing institutional interest.
• While investment analysts have varied opinions on British American Tobacco, the stock currently holds an average rating of "Hold" with a price target of $51.00.

Country Club Bank purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 63,810 shares of the company's stock, valued at approximately $2,997,000.

Several other institutional investors have also recently modified their holdings of the company. GQG Partners LLC increased its holdings 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 buying an additional 3,590,916 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of 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 acquiring an additional 2,040,011 shares during the period. WT Asset Management Ltd acquired a new position in British American Tobacco during the second quarter valued at $37,850,000. Kingstone Capital Partners Texas LLC purchased a new stake in British American Tobacco in the second quarter valued at $29,568,000. Finally, Truist Financial Corp grew its position in British American Tobacco by 128.7% during the 2nd quarter. Truist Financial Corp now owns 403,170 shares of the company's stock worth $19,082,000 after purchasing an additional 226,907 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

NYSE:BTI opened at $51.17 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 stock has a market capitalization of $105.28 billion, a PE ratio of 10.51, a P/E/G ratio of 3.55 and a beta of 0.42. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.29. The company has a fifty day moving average of $55.54 and a two-hundred day moving average of $48.91.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BTI. Jefferies Financial Group started coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Barclays restated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Argus upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Finally, Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.

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