7,078 Shares in British American Tobacco p.l.c. $BTI Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,078 shares of the company's stock, valued at approximately $335,000.

A number of other institutional investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd raised its stake in British American Tobacco by 20.4% during 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 during the period. GQG Partners LLC raised its stake in British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company's stock worth $397,089,000 after purchasing an additional 3,590,916 shares during the period. Newport Trust Company LLC raised its stake in British American Tobacco by 1.1% during the first quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company's stock worth $114,779,000 after purchasing an additional 31,205 shares during the period. Northern Trust Corp raised its stake in British American Tobacco by 1.5% during the first quarter. Northern Trust Corp now owns 2,473,942 shares of the company's stock worth $102,347,000 after purchasing an additional 35,926 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in British American Tobacco by 3.0% during the first quarter. Envestnet Asset Management Inc. now owns 1,447,083 shares of the company's stock worth $59,866,000 after purchasing an additional 42,531 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

British American Tobacco stock opened at $51.11 on Thursday. British American Tobacco p.l.c. has a 1 year low of $34.24 and a 1 year high of $59.29. The company's 50 day simple moving average is $54.45 and its 200-day simple moving average is $49.66. The company has a market capitalization of $105.04 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BTI. Argus raised shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $40.00 price target 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 given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, British American Tobacco has a consensus 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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