British American Tobacco p.l.c. $BTI Stock: Turtle Creek Wealth Advisors LLC Boosts Position

Key Points

• Turtle Creek Wealth Advisors increased its British American Tobacco position by 1,039.9% in the third quarter, acquiring 45,923 additional shares for a total holding of 50,339 shares valued at approximately $2.74 million.
• Several other institutional investors also raised their BTI positions, while hedge funds and institutional investors collectively owned 16.16% of the company’s stock.
• BTI shares recently traded at $57.68, below the analyst consensus target of $68.10. Despite mixed ratings—including a sell rating from RBC—analysts overall assign the stock a “Moderate Buy” consensus rating.

Turtle Creek Wealth Advisors LLC increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 1,039.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,339 shares of the company's stock after acquiring an additional 45,923 shares during the period. Turtle Creek Wealth Advisors LLC's holdings in British American Tobacco were worth $2,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Viking Fund Management LLC grew its holdings in shares of British American Tobacco by 26.1% in the third quarter. Viking Fund Management LLC now owns 290,000 shares of the company's stock valued at $15,776,000 after purchasing an additional 60,000 shares in the last quarter. Mather Group LLC. lifted its holdings in British American Tobacco by 22.9% during the 3rd quarter. Mather Group LLC. now owns 4,593 shares of the company's stock worth $250,000 after buying an additional 857 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in British American Tobacco by 3.9% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 28,177 shares of the company's stock valued at $1,533,000 after buying an additional 1,066 shares during the period. Sanders Morris Harris LLC purchased a new position in British American Tobacco in the 3rd quarter valued at approximately $1,134,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of British American Tobacco by 38.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 5,883 shares of the company's stock worth $320,000 after acquiring an additional 1,634 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of BTI traded up $1.02 during mid-day trading on Thursday, reaching $57.68. The company's stock had a trading volume of 3,537,330 shares, compared to its average volume of 4,549,759. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 12-month low of $49.88 and a 12-month high of $67.30. The company's 50 day moving average is $55.80 and its 200 day moving average is $58.86.

British American Tobacco (NYSE:BTI - Get Free Report) last announced its quarterly 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 company had revenue of $8.10 billion during the quarter, compared to analysts' expectations of $16.42 billion. Equities analysts anticipate that British American Tobacco p.l.c. will post 4.81 EPS for the current year.

Analyst Ratings Changes

BTI has been the topic of a number of recent research reports. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Royal Bank Of Canada reiterated a "sell" rating on shares of British American Tobacco in a report on Friday, September 11th. UBS Group reissued a "buy" rating on shares of British American Tobacco in a research note on Wednesday, September 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of British American Tobacco in a research note on Monday, August 31st. Finally, BTIG Research started coverage on British American Tobacco in a report on Tuesday, July 21st. They set a "buy" rating on the stock. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, British American Tobacco currently 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. 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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