Affinity Capital Advisors LLC Makes New Investment in British American Tobacco p.l.c. $BTI

Key Points

• Affinity Capital Advisors LLC made a new investment in British American Tobacco p.l.c. by purchasing 4,776 shares valued at approximately $226,000 in the second quarter.
• British American Tobacco currently has a market capitalization of $114.81 billion and shows a price-to-earnings (PE) ratio of 11.46, indicating its stock is performing at a lower price relative to its earnings.
• Analysts have varied opinions on the stock, with Argus upgrading it to a "buy" rating with a price target of $62.00, while Royal Bank of Canada downgraded it to "underperform."

Affinity Capital Advisors LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,776 shares of the company's stock, valued at approximately $226,000.

Several other large investors have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC boosted its holdings in British American Tobacco by 7.6% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 14,859 shares of the company's stock valued at $703,000 after purchasing an additional 1,048 shares during the period. First Bank & Trust lifted its holdings in shares of British American Tobacco by 87.4% during the 2nd quarter. First Bank & Trust now owns 45,370 shares of the company's stock worth $2,147,000 after acquiring an additional 21,164 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in shares of British American Tobacco by 6.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 14,848 shares of the company's stock worth $703,000 after acquiring an additional 914 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of British American Tobacco by 2.7% during the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company's stock worth $485,000 after acquiring an additional 273 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of British American Tobacco by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,618 shares of the company's stock worth $150,000 after acquiring an additional 1,048 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Trading Down 0.4%

Shares of BTI stock traded down $0.22 during mid-day trading on Friday, reaching $54.70. The stock had a trading volume of 5,494,046 shares, compared to its average volume of 4,077,694. The stock's 50-day moving average price is $55.42 and its two-hundred day moving average price is $47.93. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29. The firm has a market capitalization of $112.54 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 3.77 and a beta of 0.40. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

A number of analysts have recently issued reports on BTI shares. Argus raised shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective for the company in a report on Monday, September 8th. Jefferies Financial Group started coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They set a "buy" rating for the company. Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $51.00.

About British American Tobacco

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.