British American Tobacco p.l.c. $BTI Stake Boosted by Kathmere Capital Management LLC

Key Points

• Kathmere Capital Management LLC increased its stake in British American Tobacco by 8.8% during the 2nd quarter, acquiring an additional 5,884 shares, bringing their total to 72,700 shares valued at approximately $3.44 million.
• Several other institutional investors have also increased their stakes, with significant percentage increases including a 292.7% boost from Mather Group LLC.
• Wall Street analysts have mixed opinions on BTI, with Barclays reiterating an "overweight" rating, while Royal Bank of Canada downgraded it to "underperform," reflecting varying outlooks on the stock's future performance.

Kathmere Capital Management LLC increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,700 shares of the company's stock after purchasing an additional 5,884 shares during the quarter. Kathmere Capital Management LLC's holdings in British American Tobacco were worth $3,441,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock valued at $25,000 after buying an additional 305 shares during the last quarter. Rosenberg Matthew Hamilton lifted 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 buying an additional 280 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after buying an additional 278 shares during the last quarter. Ameriflex Group Inc. bought a new stake in British American Tobacco in the fourth quarter valued at $26,000. Finally, Mather Group LLC. lifted its stake in British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after buying an additional 480 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of recent research reports. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Morgan Stanley reissued an "underweight" rating and set a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Finally, Jefferies Financial Group started coverage on British American Tobacco in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $51.00.

British American Tobacco Price Performance

Shares of BTI opened at $52.97 on Friday. The stock's fifty day moving average is $55.55 and its 200-day moving average is $48.36. The firm has a market capitalization of $108.99 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 3.59 and a beta of 0.40. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

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.

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