British American Tobacco p.l.c. $BTI Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 12.7% in the second quarter, Holdings Channel.com reports. The fund owned 103,440 shares of the company’s stock after purchasing an additional 11,636 shares during the period. US Bancorp DE’s holdings in British American Tobacco were worth $4,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Michels Family Financial LLC lifted its position in shares of British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock valued at $898,000 after acquiring an additional 249 shares during the period. Applied Capital LLC FL raised its position in shares of British American Tobacco by 1.1% during the 1st quarter. Applied Capital LLC FL now owns 23,284 shares of the company’s stock worth $963,000 after purchasing an additional 257 shares during the last quarter. Elevation Point Wealth Partners LLC raised its position in shares of British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company’s stock worth $691,000 after purchasing an additional 258 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of British American Tobacco by 4.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock worth $266,000 after purchasing an additional 262 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its position in shares of British American Tobacco by 2.7% during the 2nd quarter. Gallacher Capital Management LLC now owns 10,242 shares of the company’s stock worth $485,000 after purchasing an additional 273 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Monday, September 8th. Morgan Stanley restated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, British American Tobacco currently has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Stock Down 1.5%

BTI stock opened at $50.79 on Tuesday. British American Tobacco p.l.c. has a one year low of $34.17 and a one year high of $59.29. The company has a 50 day moving average price of $55.29 and a two-hundred day moving average price of $49.29. The stock has a market capitalization of $104.37 billion, a P/E ratio of 10.43, a PEG ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

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.