British American Tobacco p.l.c. $BTI Stock Position Raised by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management increased its British American Tobacco stake by 11.4% in the third quarter, adding 73,835 shares. It held 722,881 shares valued at $39.3 million at quarter-end.
• Other institutional investors also reported increases in their holdings; hedge funds and institutions collectively own 16.16% of BTI shares.
• Analysts give BTI a “Moderate Buy” consensus, with a $68.10 average price target. The stock recently opened at $60.94.

Euro Pacific Asset Management LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 722,881 shares of the company's stock after buying an additional 73,835 shares during the period. British American Tobacco accounts for about 2.7% of Euro Pacific Asset Management LLC's portfolio, making the stock its 13th largest holding. Euro Pacific Asset Management LLC's holdings in British American Tobacco were worth $39,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BTI. Empowered Funds LLC lifted its holdings in British American Tobacco by 3.1% in the first quarter. Empowered Funds LLC now owns 6,184 shares of the company's stock valued at $362,000 after acquiring an additional 186 shares during the last quarter. Applied Capital LLC FL lifted its stake in shares of British American Tobacco by 0.8% in the 3rd quarter. Applied Capital LLC FL now owns 23,598 shares of the company's stock valued at $1,284,000 after purchasing an additional 192 shares during the last quarter. E Wealth Partners LLC raised its holdings in British American Tobacco by 3.3% in the 1st quarter. E Wealth Partners LLC now owns 6,271 shares of the company's stock valued at $367,000 after buying an additional 203 shares during the period. Grove Bank & Trust raised its holdings in British American Tobacco by 7.5% in the 3rd quarter. Grove Bank & Trust now owns 2,978 shares of the company's stock valued at $162,000 after buying an additional 208 shares during the period. Finally, Cooper Financial Group lifted its position in British American Tobacco by 5.0% in the third quarter. Cooper Financial Group now owns 4,392 shares of the company's stock valued at $239,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $60.94 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a twelve month low of $52.06 and a twelve month high of $67.30. The stock's fifty day simple moving average is $57.02 and its 200-day simple moving average is $59.24.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, November 2nd. Royal Bank Of Canada reissued a "sell" rating on shares of British American Tobacco in a research report on Friday, September 11th. BTIG Research assumed coverage on British American Tobacco in a research note on Tuesday, July 21st. They set a "buy" rating on the stock. Morgan Stanley restated an "overweight" rating and set a $68.10 price target on shares of British American Tobacco in a research report on Monday, September 7th. Finally, SBG Securities raised British American Tobacco to a "buy" rating in a research note on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.10.

British American Tobacco Profile

British American Tobacco p.l.c. is a multinational tobacco and nicotine company headquartered in London. Its business includes the manufacture and sale of cigarettes, other tobacco products and newer nicotine products. Its portfolio includes cigarette brands such as Dunhill, Lucky Strike and Pall Mall, as well as vaping, heated-tobacco and oral nicotine products sold under brands including Vuse, glo and Velo.

The company serves markets around the world, with operations spanning the Americas, Europe, Africa, the Middle East and Asia-Pacific.

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