Genesis Private Wealth LLC Acquires Shares of 7,067 British American Tobacco p.l.c. $BTI

Key Points

• Genesis Private Wealth LLC acquired 7,067 shares of British American Tobacco p.l.c. during the second quarter, worth approximately $334,000.
• Several hedge funds increased their positions in British American Tobacco, with notable boosts including Golden State Wealth Management increasing their holdings by 100% in the first quarter.
• As of recent analyst ratings, British American Tobacco has a consensus rating of "Hold" and an average target price of $51.00, with mixed sentiments expressed by various research firms.

Genesis Private Wealth LLC acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,067 shares of the company's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BTI. Golden State Wealth Management LLC boosted its holdings in shares of British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock valued at $25,000 after acquiring an additional 305 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after buying an additional 280 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after buying an additional 278 shares in the last quarter. Mather Group LLC. boosted its holdings in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after buying an additional 480 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in British American Tobacco during the first quarter worth about $32,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Performance

Shares of BTI opened at $52.97 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The company has a market capitalization of $108.99 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 3.64 and a beta of 0.40. The company's 50 day simple moving average is $55.55 and its 200 day simple moving average is $48.46. British American Tobacco p.l.c. has a 1 year low of $34.17 and a 1 year high of $59.29.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BTI. Morgan Stanley reiterated an "underweight" rating and issued a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Argus upgraded 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 report on Monday, September 8th. Finally, Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.

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