Capricorn Fund Managers Ltd Has $6.39 Million Stake in British American Tobacco p.l.c. $BTI

Key Points

• Capricorn Fund Managers Ltd reduced its stake in British American Tobacco by 6.9%, owning 135,000 shares valued at approximately $6.39 million.
• Analysts' ratings for British American Tobacco are mixed, with five analysts giving it a Buy rating and new target prices ranging from $40 to $51.
• British American Tobacco's stock price opened at $51.22, with a market capitalization of $105.37 billion and a P/E ratio of 10.52.

Capricorn Fund Managers Ltd decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,000 shares of the company's stock after selling 10,000 shares during the quarter. British American Tobacco makes up approximately 3.0% of Capricorn Fund Managers Ltd's portfolio, making the stock its 14th biggest position. Capricorn Fund Managers Ltd's holdings in British American Tobacco were worth $6,390,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BTI. Park Avenue Securities LLC grew its stake in shares of British American Tobacco by 0.7% in the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock worth $1,401,000 after purchasing an additional 244 shares during the last quarter. Michels Family Financial LLC grew its stake in shares of British American Tobacco by 1.3% in the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company's stock worth $898,000 after purchasing an additional 249 shares during the last quarter. Applied Capital LLC FL grew its stake in shares of British American Tobacco by 1.1% in the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock worth $963,000 after purchasing an additional 257 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its position in 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 acquiring an additional 258 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in British American Tobacco by 4.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company's stock worth $266,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Ratings Changes

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

British American Tobacco Price Performance

BTI stock opened at $51.22 on Friday. The stock has a market capitalization of $105.37 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.63 and a beta of 0.42. The company's 50-day moving average is $55.56 and its 200-day moving average is $48.73. 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.

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.

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.