Butensky & Cohen Financial Security Inc. Invests $5.70 Million in British American Tobacco p.l.c. $BTI

Key Points

• Butensky & Cohen Financial Security Inc. invested approximately $5.70 million in British American Tobacco p.l.c. during the 2nd quarter, acquiring 120,321 shares, which constitutes 1.7% of its investment portfolio.
• Several hedge funds have increased their stakes in British American Tobacco, with Rosenberg Matthew Hamilton boosting its stake by 87% and Mather Group LLC increasing by nearly 293% in recent quarters.
• British American Tobacco's stock has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $51.00, despite some upgrades, including a new "Buy" rating from Argus.

Butensky & Cohen Financial Security Inc. acquired a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 120,321 shares of the company's stock, valued at approximately $5,695,000. British American Tobacco makes up 1.7% of Butensky & Cohen Financial Security Inc.'s investment portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of BTI. Rosenberg Matthew Hamilton increased its stake in shares of British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after purchasing an additional 280 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in British American Tobacco by 100.0% in the 1st 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. Ameriflex Group Inc. bought a new position in British American Tobacco in the 4th quarter worth $26,000. Financial Management Professionals Inc. boosted its holdings in British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after buying an additional 278 shares during the period. Finally, Mather Group LLC. boosted its holdings in British American Tobacco by 292.7% in the 1st 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. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BTI has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "underweight" rating and issued a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Argus raised shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective for the company in a report on Monday, September 8th. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $51.00.

British American Tobacco Stock Performance

British American Tobacco stock opened at $54.70 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The firm has a market capitalization of $112.54 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 3.77 and a beta of 0.40. The company's 50-day moving average is $55.42 and its 200 day moving average is $47.93.

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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