British American Tobacco p.l.c. $BTI Shares Bought by TrueMark Investments LLC

TrueMark Investments LLC increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 29.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,796 shares of the company’s stock after buying an additional 51,628 shares during the period. British American Tobacco accounts for approximately 2.6% of TrueMark Investments LLC’s investment portfolio, making the stock its 6th biggest position. TrueMark Investments LLC’s holdings in British American Tobacco were worth $13,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of British American Tobacco by 35.2% in the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after purchasing an additional 7,270 shares during the period. Sivia Capital Partners LLC grew its holdings in British American Tobacco by 42.5% during the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after purchasing an additional 2,521 shares during the period. Rhumbline Advisers increased its position in British American Tobacco by 10.2% during the second quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock worth $285,000 after buying an additional 559 shares during the last quarter. Baird Financial Group Inc. raised its stake in British American Tobacco by 58.6% in the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after buying an additional 5,486 shares during the period. Finally, Brown Advisory Inc. lifted its position in shares of British American Tobacco by 5.4% in the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after buying an additional 816 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Up 1.0%

BTI opened at $61.37 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The business has a fifty day simple moving average of $60.60 and a 200 day simple moving average of $59.36. British American Tobacco p.l.c. has a 1 year low of $46.38 and a 1 year high of $67.30.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.