Callan Family Office LLC Increases Position in British American Tobacco p.l.c. $BTI

Key Points

• Callan Family Office LLC increased its stake in British American Tobacco p.l.c. by 245.2%, owning a total of 30,875 shares valued at approximately $1.46 million as of the latest SEC filing.
• Multiple institutional investors have also raised their holdings in British American Tobacco, contributing to a total of 16.16% ownership by hedge funds and institutional investors.
• Analysts have varied opinions on the stock, with five giving a Buy rating, while others have issued Hold or Sell ratings, resulting in an average rating of "Hold" with a consensus target price of $51.00.

Callan Family Office LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 245.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 30,875 shares of the company's stock after buying an additional 21,931 shares during the period. Callan Family Office LLC's holdings in British American Tobacco were worth $1,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Michels Family Financial LLC lifted its stake in shares of British American Tobacco by 1.3% during the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company's stock valued at $898,000 after buying an additional 249 shares during the period. Applied Capital LLC FL lifted its stake in shares of British American Tobacco by 1.1% during the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock valued at $963,000 after buying an additional 257 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in shares of British American Tobacco by 1.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after buying an additional 258 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of British American Tobacco by 9.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company's stock valued at $136,000 after buying an additional 259 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in British American Tobacco by 4.9% during the second quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company's stock worth $266,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 16.16% of the company's stock.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of British American Tobacco in a research note on Wednesday. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Argus raised shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target on the stock in a research note on Monday, September 8th. Finally, Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $51.00.

British American Tobacco Price Performance

British American Tobacco stock opened at $51.50 on Friday. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29. The firm has a fifty day moving average of $55.39 and a 200-day moving average of $49.16. The firm has a market capitalization of $105.82 billion, a P/E ratio of 10.57, a PEG ratio of 3.57 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

British American Tobacco Company 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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