Empirical Finance LLC Acquires Shares of 20,000 British American Tobacco p.l.c. $BTI

Empirical Finance LLC purchased a new position in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, HoldingsChannel.com reports. The fund purchased 20,000 shares of the company’s stock, valued at approximately $1,235,000.

Other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. raised its stake in British American Tobacco by 1,386.7% during the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after acquiring an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new stake in shares of British American Tobacco during the fourth quarter valued at about $26,000. SHP Wealth Management acquired a new stake in British American Tobacco in the fourth quarter worth about $35,000. Cary Street Partners Financial LLC bought a new position in British American Tobacco in the 2nd quarter valued at about $30,000. Finally, Binnacle Investments Inc grew its position in British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after buying an additional 465 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 1.5%

Shares of NYSE:BTI opened at $54.33 on Thursday. The firm has a fifty day moving average of $58.68 and a two-hundred day moving average of $59.69. British American Tobacco p.l.c. has a 12-month low of $49.88 and a 12-month high of $67.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50.

British American Tobacco (NYSE:BTI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $16.42 billion. Equities analysts predict that British American Tobacco p.l.c. will post 4.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on BTI. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Weiss Ratings restated a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. Royal Bank Of Canada reissued an “underperform” rating on shares of British American Tobacco in a report on Tuesday, August 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $68.10 target price on shares of British American Tobacco in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.10.

About British American Tobacco

British American Tobacco p.l.c. is a multinational consumer products company focused primarily on tobacco and nicotine products. Its portfolio includes combustible cigarettes, roll-your-own tobacco, cigars and heated tobacco products, as well as newer categories such as vapor products and modern oral nicotine products.

The company markets a range of internationally recognized brands, including Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport. Through its U.S. business, Reynolds American, BAT also owns or markets brands such as Camel and Natural American Spirit.