British American Tobacco p.l.c. $BTI Shares Bought by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in British American Tobacco p.l.c. by 12.7% during the second quarter, holding shares worth $4,896,000 as of its recent SEC filing.
• Analysts have mixed views on British American Tobacco stock, with five giving it a Buy rating, while the average target price stands at $51.00.
• The company's shares opened at $50.79 and have shown significant volatility, with a 52-week range of $34.17 to $59.29.

US Bancorp DE raised its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,440 shares of the company's stock after acquiring an additional 11,636 shares during the period. US Bancorp DE's holdings in British American Tobacco were worth $4,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its stake in British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after acquiring an additional 280 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after buying an additional 305 shares during the period. Mather Group LLC. boosted its stake in shares of British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after buying an additional 480 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of British American Tobacco during the first quarter worth about $32,000. Finally, CX Institutional acquired a new stake in shares of British American Tobacco during the first quarter worth about $34,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $50.79 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The company has a market cap of $104.37 billion, a P/E ratio of 10.43, a PEG ratio of 3.57 and a beta of 0.42. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week high of $59.29. The company has a 50-day moving average price of $55.29 and a 200 day moving average price of $49.29.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BTI shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Argus upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 target price for the company in a research note on Monday, September 8th. Jefferies Financial Group started coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Finally, Morgan Stanley restated an "underweight" rating and issued a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, British American Tobacco has an average rating of "Hold" and an average target price 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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