Carrera Capital Advisors Acquires New Shares in British American Tobacco p.l.c. $BTI

Carrera Capital Advisors acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, according to its most recent filing with the SEC. The fund acquired 4,389 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently made changes to their positions in BTI. Rosenberg Matthew Hamilton grew its position in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after purchasing an additional 280 shares in the last quarter. Golden State Wealth Management LLC grew 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 purchasing an additional 305 shares in the last quarter. Mather Group LLC. grew 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 purchasing an additional 480 shares in the last quarter. Pandora Wealth Inc. purchased a new position in shares of British American Tobacco during the 1st quarter valued at $32,000. Finally, Bessemer Group Inc. grew its position in shares of British American Tobacco by 232.4% during the 1st quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock valued at $45,000 after purchasing an additional 781 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

British American Tobacco stock opened at $52.09 on Friday. 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 market capitalization of $107.04 billion, a PE ratio of 10.72, a P/E/G ratio of 3.66 and a beta of 0.42. The firm has a fifty day simple moving average of $54.24 and a two-hundred day simple moving average of $49.83. British American Tobacco p.l.c. has a twelve month low of $34.24 and a twelve month high of $59.29.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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 report on Monday, September 8th. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Royal Bank Of Canada lowered 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 started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued 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 research report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and a consensus price target 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.