48,681 Shares in British American Tobacco p.l.c. $BTI Purchased by Empirical Finance LLC

Empirical Finance LLC purchased a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,681 shares of the company’s stock, valued at approximately $2,304,000.

Other large investors also recently bought and sold shares of the company. Western Wealth Management LLC lifted its stake in shares of British American Tobacco by 2.5% during the 2nd quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock worth $410,000 after purchasing an additional 208 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of British American Tobacco by 1.2% in the second quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock worth $915,000 after buying an additional 223 shares during the last quarter. Mission Wealth Management LP grew its holdings in shares of British American Tobacco by 2.1% during the second quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after buying an additional 226 shares during the last quarter. Michels Family Financial LLC raised its stake in British American Tobacco by 1.3% in the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after acquiring an additional 249 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in British American Tobacco by 9.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock valued at $136,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the subject of several research reports. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Finally, Morgan Stanley reiterated an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Five 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 data from MarketBeat.com, British American Tobacco currently has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Price Performance

Shares of BTI opened at $54.80 on Thursday. British American Tobacco p.l.c. has a 12 month low of $34.82 and a 12 month high of $59.29. The stock’s 50 day moving average is $53.09 and its two-hundred day moving average is $51.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

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.