Golden State Equity Partners Invests $245,000 in British American Tobacco p.l.c. $BTI

Key Points

• Golden State Equity Partners invested approximately $245,000 in British American Tobacco p.l.c. by acquiring 5,177 shares during the second quarter.
• Other institutions, including Rosenberg Matthew Hamilton and Golden State Wealth Management, significantly increased their stakes in British American Tobacco, reflecting a growing interest from hedge funds.
• British American Tobacco's stock performance shows a 12-month range with a low of $34.17 and a high of $59.29, and analysts currently have a consensus rating of "Hold" with an average target price of $51.00.

Golden State Equity Partners purchased a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,177 shares of the company's stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton increased its stake in shares of British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after acquiring an additional 280 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of British American Tobacco by 100.0% during the 1st 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 during the period. Financial Management Professionals Inc. lifted its position in shares of British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after acquiring an additional 278 shares during the period. Ameriflex Group Inc. acquired a new position in shares of British American Tobacco during the 4th quarter valued at $26,000. Finally, Mather Group LLC. lifted its position in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after acquiring an additional 480 shares during the period. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $53.13 on Wednesday. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $59.29. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $109.32 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 3.70 and a beta of 0.40. The firm has a fifty day simple moving average of $55.50 and a two-hundred day simple moving average of $48.17.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BTI shares. Morgan Stanley reiterated an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Argus upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target for the company in a research note on Monday, September 8th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, British American Tobacco 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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