Jackson Wealth Management LLC Purchases New Shares in British American Tobacco p.l.c. $BTI

Key Points

• Jackson Wealth Management LLC acquired a new stake in British American Tobacco, purchasing 27,236 shares valued at approximately $1,289,000.
• Institutional investors own 16.16% of British American Tobacco, with several firms significantly increasing their positions in the second quarter.
• British American Tobacco's stock has experienced a twelve-month price range of $34.17 to $59.29, and currently has a consensus rating of "Hold" from analysts.

Jackson Wealth Management LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,236 shares of the company's stock, valued at approximately $1,289,000.

A number of other large investors also recently made changes to their positions in BTI. GQG Partners LLC lifted its position in shares of British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company's stock valued at $397,089,000 after purchasing an additional 3,590,916 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in shares of British American Tobacco by 20.4% during the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company's stock valued at $497,318,000 after purchasing an additional 2,040,011 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of British American Tobacco during the second quarter valued at about $29,568,000. GAMMA Investing LLC lifted its position in shares of British American Tobacco by 5,144.6% during the first quarter. GAMMA Investing LLC now owns 276,393 shares of the company's stock valued at $11,434,000 after purchasing an additional 271,123 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of British American Tobacco by 128.7% during the second quarter. Truist Financial Corp now owns 403,170 shares of the company's stock valued at $19,082,000 after purchasing an additional 226,907 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

BTI opened at $51.22 on Friday. The firm has a 50-day moving average price of $55.56 and a 200-day moving average price of $48.73. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The company has a market capitalization of $105.37 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.63 and a beta of 0.42.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BTI shares. Barclays restated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Morgan Stanley restated an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Jefferies Financial Group started coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They set a "buy" rating for the company. Finally, Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, British American Tobacco 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.

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.