British American Tobacco p.l.c. $BTI Shares Acquired by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management increased its British American Tobacco stake by 11.2% in the third quarter, purchasing 72,901 additional shares for a total of 721,947 shares valued at approximately $40.3 million.
• Several other institutional investors also raised their positions, although institutional investors and hedge funds collectively own 16.16% of BTI’s outstanding shares.
• BTI shares recently traded at $55.71, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $68.10; the company’s latest reported earnings missed consensus estimates.

Euro Pacific Asset Management LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 11.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 721,947 shares of the company's stock after purchasing an additional 72,901 shares during the quarter. British American Tobacco makes up approximately 2.6% of Euro Pacific Asset Management LLC's portfolio, making the stock its 12th biggest position. Euro Pacific Asset Management LLC's holdings in British American Tobacco were worth $40,279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perpetual Ltd increased its stake in British American Tobacco by 8.4% in the third quarter. Perpetual Ltd now owns 33,041 shares of the company's stock valued at $1,797,000 after purchasing an additional 2,558 shares during the last quarter. HF Advisory Group LLC raised its holdings in British American Tobacco by 9.4% during the third quarter. HF Advisory Group LLC now owns 60,282 shares of the company's stock worth $3,279,000 after purchasing an additional 5,171 shares in the last quarter. Dupree Financial Group LLC lifted its position in shares of British American Tobacco by 2.9% during the 3rd quarter. Dupree Financial Group LLC now owns 173,790 shares of the company's stock worth $9,454,000 after buying an additional 4,974 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of British American Tobacco by 5.8% during the 3rd quarter. Sound Income Strategies LLC now owns 4,461 shares of the company's stock worth $247,000 after buying an additional 245 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of British American Tobacco by 38.8% in the 3rd quarter. Wedmont Private Capital now owns 5,176 shares of the company's stock valued at $287,000 after buying an additional 1,447 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.2%

NYSE BTI traded up $0.09 on Tuesday, reaching $55.71. The stock had a trading volume of 3,706,901 shares, compared to its average volume of 4,557,264. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50. British American Tobacco p.l.c. has a 12-month low of $49.88 and a 12-month high of $67.30. The business's 50-day moving average price is $55.86 and its 200 day moving average price is $58.87.

British American Tobacco (NYSE:BTI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.21 by ($1.10). The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $16.42 billion. Equities research analysts forecast that British American Tobacco p.l.c. will post 4.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on BTI shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of British American Tobacco in a research report on Thursday, October 1st. Royal Bank Of Canada reissued a "sell" rating on shares of British American Tobacco in a research report on Friday, September 11th. Morningstar upgraded shares of British American Tobacco to a "buy" rating in a research note on Thursday, September 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of British American Tobacco in a report on Monday, August 31st. Finally, BTIG Research initiated coverage on British American Tobacco in a research report on Tuesday, July 21st. They set a "buy" rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, British American Tobacco currently has an average rating of "Moderate Buy" and an average target price of $68.10.

About British American Tobacco

British American Tobacco p.l.c. NYSE: BTI is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.

Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.

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