FNY Investment Advisers LLC Acquires 44,160 Shares of British American Tobacco p.l.c. $BTI

FNY Investment Advisers LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 939.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,860 shares of the company’s stock after acquiring an additional 44,160 shares during the period. British American Tobacco accounts for 1.0% of FNY Investment Advisers LLC’s portfolio, making the stock its 15th largest holding. FNY Investment Advisers LLC’s holdings in British American Tobacco were worth $2,312,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BTI. GQG Partners LLC raised its position in British American Tobacco by 59.8% in the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after acquiring an additional 3,590,916 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of British American Tobacco by 20.4% in the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock worth $497,318,000 after purchasing an additional 2,040,011 shares during the period. WT Asset Management Ltd bought a new position in shares of British American Tobacco in the second quarter worth approximately $37,850,000. Kingstone Capital Partners Texas LLC bought a new position in shares of British American Tobacco in the second quarter worth approximately $29,568,000. Finally, Truist Financial Corp boosted its position in shares of British American Tobacco by 128.7% in the second quarter. Truist Financial Corp now owns 403,170 shares of the company’s stock worth $19,082,000 after purchasing an additional 226,907 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BTI shares. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research 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 report on Friday, August 15th. Finally, Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Monday, September 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.00.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $50.38 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The firm has a fifty day moving average price of $54.57 and a 200 day moving average price of $49.65. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.29. The firm has a market cap of $103.53 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 3.61 and a beta of 0.42.

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.