Sunpointe LLC Makes New $368,000 Investment in British American Tobacco p.l.c. $BTI

Key Points

• Sunpointe LLC acquired a new position in British American Tobacco, purchasing 7,651 shares valued at approximately $368,000 in Q2.
• Institutional investors hold about 16.16% of the stock, with notable increases in stakes from firms like Orbis Allan Gray Ltd and GQG Partners LLC.
• Stock analysts have mixed ratings on British American Tobacco, with five analysts rating it a "Buy" and two giving it a "Sell," while the average target price is currently $51.00.

Sunpointe LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,651 shares of the company's stock, valued at approximately $368,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Park Avenue Securities LLC boosted its position in shares of British American Tobacco by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock worth $1,401,000 after acquiring an additional 244 shares in the last quarter. Applied Capital LLC FL boosted its position in shares of British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock worth $963,000 after acquiring an additional 257 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its position in shares of British American Tobacco by 1.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after purchasing an additional 258 shares during the period. Gallacher Capital Management LLC boosted its position in shares of British American Tobacco by 2.7% in the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company's stock valued at $485,000 after purchasing an additional 273 shares during the period. Finally, Financial Management Professionals Inc. boosted its position 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 purchasing an additional 278 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BTI shares. Morgan Stanley reissued an "underweight" rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 target price for the company in a research note on Monday, September 8th. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Jefferies Financial Group started coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, British American Tobacco has an average rating of "Hold" and a consensus price target of $51.00.

British American Tobacco Trading Down 0.4%

Shares of BTI stock traded down $0.22 during mid-day trading on Friday, hitting $54.70. 5,494,046 shares of the company's stock were exchanged, compared to its average volume of 5,573,756. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.29. The stock has a market cap of $112.54 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 3.85 and a beta of 0.40. 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 stock has a 50-day simple moving average of $55.34 and a two-hundred day simple moving average of $47.82.

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.