E Fund Management Hong Kong Co. Ltd. Has $136,000 Stock Holdings in British American Tobacco p.l.c. $BTI

E Fund Management Hong Kong Co. Ltd. grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 9.9% during the 2nd quarter, Holdings Channel reports. The firm owned 2,871 shares of the company’s stock after purchasing an additional 259 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in British American Tobacco were worth $136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BTI. NBC Securities Inc. boosted its stake in shares of British American Tobacco by 173,100.0% in the 1st quarter. NBC Securities Inc. now owns 1,732 shares of the company’s stock valued at $71,000 after purchasing an additional 1,731 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of British American Tobacco in the 1st quarter valued at $476,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of British American Tobacco in the 1st quarter valued at $262,000. Park Avenue Securities LLC raised its holdings in shares of British American Tobacco by 0.7% in the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company’s stock valued at $1,401,000 after buying an additional 244 shares during the last quarter. Finally, Capital Investment Advisors LLC bought a new position in shares of British American Tobacco in the first quarter valued at about $222,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BTI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Monday, September 8th. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $51.59 on Thursday. The stock has a market capitalization of $106.15 billion, a P/E ratio of 10.59, a P/E/G ratio of 3.60 and a beta of 0.42. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $55.49 and a two-hundred day moving average price of $48.95.

About British American Tobacco

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.