Commons Capital LLC Buys New Holdings in British American Tobacco p.l.c. $BTI

Key Points

• Commons Capital LLC has purchased a new stake in British American Tobacco, acquiring 22,504 shares valued at approximately $1,065,000 in the second quarter.
• Other institutional investors have also increased their stakes in British American Tobacco, with hedge funds collectively owning 16.16% of the company’s stock.
• Analysts have varied opinions on the stock, with Weiss Ratings holding a "hold" rating and Argus upgrading it to a "buy" with a price target of $62.00.

Commons Capital LLC bought a new stake in shares of 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 bought 22,504 shares of the company's stock, valued at approximately $1,065,000.

Several other institutional investors have also added to or reduced their stakes in the company. Michels Family Financial LLC grew its holdings in shares of British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company's stock worth $898,000 after acquiring an additional 249 shares during the period. Applied Capital LLC FL boosted its position in shares of British American Tobacco by 1.1% in the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock worth $963,000 after purchasing an additional 257 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of British American Tobacco by 9.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company's stock worth $136,000 after purchasing an additional 259 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of British American Tobacco by 4.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company's stock worth $266,000 after purchasing an additional 262 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its position in shares of British American Tobacco by 2.7% in the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company's stock worth $485,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Trading Up 0.7%

Shares of British American Tobacco stock opened at $51.12 on Friday. The company's fifty day simple moving average is $54.98 and its 200-day simple moving average is $49.38. The stock has a market capitalization of $105.05 billion, a PE ratio of 10.50, a P/E/G ratio of 3.58 and a beta of 0.42. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Morgan Stanley reissued an "underweight" rating and issued a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target on the stock in a research report on Monday, September 8th. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Jefferies Financial Group began coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $51.00.

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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