British American Tobacco p.l.c. $BTI Position Lowered by Kize Capital LP

Key Points

• Kize Capital LP reduced its stake in British American Tobacco by 9.7%, selling 45,000 shares during the first quarter, which now makes up about 15.8% of their holdings, valued at approximately $17.4 million.
• Multiple investors increased their positions in British American Tobacco recently, with Mather Group LLC increasing its stake by 292.7% during the first quarter, highlighting growing interest among institutional investors.
• The company's stock has a market capitalization of $119.01 billion and analysts have expressed mixed sentiments, with some cutting ratings from "buy" to "hold," but a consensus rating remains a "Moderate Buy" with a target price of $40.00.

Kize Capital LP trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 420,000 shares of the company's stock after selling 45,000 shares during the quarter. British American Tobacco makes up approximately 15.8% of Kize Capital LP's holdings, making the stock its 3rd largest position. Kize Capital LP's holdings in British American Tobacco were worth $17,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BTI. Rosenberg Matthew Hamilton lifted its position in 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 boosted its holdings 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 purchasing an additional 305 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of British American Tobacco during the 4th quarter valued at about $26,000. Financial Management Professionals Inc. lifted its holdings in shares of British American Tobacco by 78.5% in 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 last quarter. Finally, Mather Group LLC. lifted its stake in British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after purchasing an additional 480 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley reaffirmed 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 report on Friday, June 13th. Jefferies Financial Group began coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Finally, Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

British American Tobacco Stock Up 1.1%

British American Tobacco stock traded up $0.64 during mid-day trading on Friday, reaching $56.85. 3,810,494 shares of the company's stock were exchanged, compared to its average volume of 4,623,288. The company has a market cap of $117.09 billion, a P/E ratio of 11.67, a P/E/G ratio of 2.28 and a beta of 0.38. 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 quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $53.16 and a 200-day moving average of $46.20.

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.