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

Key Points

• Fourpath Capital Management LLC has acquired a new position in British American Tobacco, purchasing 18,513 shares valued at approximately $876,000 during the second quarter.
• Several institutional investors increased their stakes in British American Tobacco, with IFP Advisors Inc and Callan Family Office LLC notably raising their holdings by 5.0% and 245.2%, respectively.
• British American Tobacco's stock has a consensus rating of "Hold" and an average price target of $51.00, with varying recommendations from market analysts including a mix of Buy, Hold, and Sell ratings.

Fourpath Capital Management LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,513 shares of the company's stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in British American Tobacco by 5.0% during the second quarter. IFP Advisors Inc now owns 17,600 shares of the company's stock worth $833,000 after purchasing an additional 845 shares in the last quarter. Callan Family Office LLC raised its holdings in British American Tobacco by 245.2% during the second quarter. Callan Family Office LLC now owns 30,875 shares of the company's stock worth $1,461,000 after purchasing an additional 21,931 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 worth $136,000 after purchasing an additional 259 shares in the last quarter. US Bancorp DE raised its holdings in British American Tobacco by 12.7% during the second quarter. US Bancorp DE now owns 103,440 shares of the company's stock worth $4,896,000 after purchasing an additional 11,636 shares in the last quarter. Finally, WESPAC Advisors LLC acquired a new stake in British American Tobacco during the second quarter worth approximately $1,036,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

NYSE:BTI opened at $51.34 on Friday. The firm's fifty day moving average price is $55.45 and its 200 day moving average price is $49.03. 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. The firm has a market cap of $105.63 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 3.58 and a beta of 0.42.

Wall Street Analyst Weigh In

BTI has been the topic of a number of research analyst reports. Morgan Stanley reissued an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Barclays restated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Weiss Ratings restated a "hold (c+)" rating on shares of British American Tobacco in a research report on Wednesday. Royal Bank Of Canada lowered shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Finally, Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, British American Tobacco has a consensus rating of "Hold" and an average price target of $51.00.

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.

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.