Kingstone Capital Partners Texas LLC Acquires New Position in British American Tobacco p.l.c. $BTI

Key Points

• Kingstone Capital Partners Texas LLC invested approximately $29.6 million in British American Tobacco p.l.c. by acquiring 624,718 shares in Q2.
• British American Tobacco's stock has a current market capitalization of $112.54 billion, with a P/E ratio of 11.23 and a 52-week price range between $34.17 and $59.29.
• Multiple analysts have mixed views on the stock, with a consensus rating of "Hold" and various target prices ranging from $40.00 to $62.00.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 624,718 shares of the company's stock, valued at approximately $29,568,000.

Other large investors have also added to or reduced their stakes in the company. HF Advisory Group LLC increased its position in British American Tobacco by 6.8% during the 2nd quarter. HF Advisory Group LLC now owns 47,124 shares of the company's stock valued at $2,230,000 after buying an additional 2,993 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of British American Tobacco by 6.5% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,976 shares of the company's stock worth $283,000 after buying an additional 363 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of British American Tobacco during the second quarter worth $2,211,000. Sivia Capital Partners LLC boosted its holdings in British American Tobacco by 42.5% in the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company's stock valued at $400,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Intelligence Driven Advisers LLC purchased a new stake in shares of British American Tobacco during the second quarter worth about $632,000. Institutional investors own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BTI. Jefferies Financial Group started coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Royal Bank Of Canada cut shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Morgan Stanley reissued an "underweight" rating and set a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $51.00.

British American Tobacco Price Performance

Shares of BTI stock traded down $0.69 during mid-day trading on Tuesday, hitting $53.19. 3,994,302 shares of the stock traded hands, compared to its average volume of 5,553,335. 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 firm has a market cap of $109.43 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 3.76 and a beta of 0.40. The company's 50-day simple moving average is $55.47 and its 200-day simple moving average is $48.13. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29.

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.