British American Tobacco p.l.c. $BTI Shares Purchased by Bleakley Financial Group LLC

Key Points

• Bleakley Financial Group LLC has increased its stake in British American Tobacco p.l.c. by 29.3%, acquiring an additional 10,738 shares during the second quarter, bringing its total holdings to a value of $2,245,000.
• Several institutional investors have also increased their positions, with total institutional ownership in the company standing at 16.16%.
• Analyst ratings for British American Tobacco vary, with five analysts giving a "Buy" rating, while others provide "Hold" and "Sell" ratings, leading to an average target price of $51.00 for the stock.

Bleakley Financial Group LLC increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 29.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,431 shares of the company's stock after acquiring an additional 10,738 shares during the period. Bleakley Financial Group LLC's holdings in British American Tobacco were worth $2,245,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Michels Family Financial LLC increased its holdings in shares of British American Tobacco by 1.3% in the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company's stock valued at $898,000 after acquiring an additional 249 shares during the last quarter. Applied Capital LLC FL increased its holdings in shares of British American Tobacco by 1.1% in the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock valued at $963,000 after acquiring an additional 257 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of British American Tobacco by 9.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company's stock valued at $136,000 after acquiring an additional 259 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of British American Tobacco by 4.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company's stock valued at $266,000 after acquiring an additional 262 shares during the last quarter. Finally, Gallacher Capital Management LLC increased its holdings in shares of British American Tobacco by 2.7% in the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company's stock valued at $485,000 after acquiring an additional 273 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTI has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Weiss Ratings restated a "hold (c+)" rating on shares of British American Tobacco in a research note on Friday. Morgan Stanley restated an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Argus upgraded British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Finally, Royal Bank Of Canada downgraded British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $51.00.

British American Tobacco Trading Up 0.5%

NYSE:BTI opened at $52.09 on Friday. British American Tobacco p.l.c. has a 1 year low of $34.24 and a 1 year high of $59.29. The stock has a market cap of $107.04 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 3.66 and a beta of 0.42. The business has a fifty day moving average of $54.24 and a 200-day moving average of $49.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

British American Tobacco 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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