Purkiss Capital Advisors LLC Makes New Investment in British American Tobacco p.l.c. $BTI

Purkiss Capital Advisors LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,478 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds have also recently made changes to their positions in the company. Lockheed Martin Investment Management Co. lifted its stake in shares of British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after purchasing an additional 30,600 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of British American Tobacco by 28.8% during the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after buying an additional 5,745 shares during the last quarter. Todd Asset Management LLC lifted its position in shares of British American Tobacco by 26.9% during the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after buying an additional 157,251 shares during the last quarter. Essex LLC purchased a new stake in British American Tobacco during the first quarter valued at approximately $292,000. Finally, Woodward Diversified Capital LLC purchased a new stake in British American Tobacco during the first quarter valued at approximately $207,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Monday, September 8th. Finally, 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. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Stock Performance

Shares of BTI stock opened at $52.13 on Tuesday. The firm has a market capitalization of $107.13 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The business has a fifty day moving average of $54.12 and a 200 day moving average of $50.05. British American Tobacco p.l.c. has a 1 year low of $34.24 and a 1 year high of $59.29.

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.