Fox Run Management L.L.C. Takes Position in British American Tobacco p.l.c. $BTI

Key Points

• Fox Run Management invested approximately $865,000 in British American Tobacco p.l.c., acquiring 20,913 shares, as disclosed in their latest 13F filing.
• Several hedge funds have also increased their stakes in British American Tobacco, with notable increases including a 59.8% raise by GQG Partners in the first quarter.
• Analysts have varying opinions on BTI, with ratings ranging from "buy" to "underweight," and a consensus target price of $40.00 per share.

Fox Run Management L.L.C. acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,913 shares of the company's stock, valued at approximately $865,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. raised its holdings in British American Tobacco by 27.7% during the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company's stock worth $5,833,000 after purchasing an additional 30,600 shares in the last quarter. BNP Paribas Financial Markets increased its stake in British American Tobacco by 21.8% in the 4th quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock valued at $2,979,000 after purchasing an additional 14,655 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in British American Tobacco in the 1st quarter valued at approximately $375,000. Atria Wealth Solutions Inc. increased its stake in shares of British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock worth $1,074,000 after purchasing an additional 5,745 shares in the last quarter. Finally, Todd Asset Management LLC increased its stake in shares of British American Tobacco by 26.9% during the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock worth $30,692,000 after purchasing an additional 157,251 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.1%

NYSE:BTI traded up $0.0750 during midday trading on Thursday, hitting $59.0850. 2,695,307 shares of the company were exchanged, compared to its average volume of 5,717,053. The company has a market capitalization of $121.70 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. The company has a fifty day simple moving average of $51.96 and a 200 day simple moving average of $45.40. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.22.

British American Tobacco Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 30th were given a dividend of $0.7391 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a yield of 599.0%. British American Tobacco's dividend payout ratio is 64.68%.

Analysts Set New Price Targets

BTI has been the topic of a number of analyst reports. Morgan Stanley restated an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. Finally, Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, British American Tobacco presently has an average rating of "Moderate Buy" and an average price target of $40.00.

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.