WT Asset Management Ltd Invests $37.85 Million in British American Tobacco p.l.c. $BTI

WT Asset Management Ltd acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 799,700 shares of the company’s stock, valued at approximately $37,850,000. British American Tobacco accounts for about 2.7% of WT Asset Management Ltd’s portfolio, making the stock its 12th largest position.

Several other large investors have also modified their holdings of BTI. Golden State Wealth Management LLC lifted its holdings in shares of British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after acquiring an additional 305 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after acquiring an additional 280 shares during the period. Mather Group LLC. lifted its holdings in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after acquiring an additional 480 shares during the period. Pandora Wealth Inc. purchased a new position in shares of British American Tobacco during the 1st quarter worth about $32,000. Finally, CX Institutional purchased a new position in British American Tobacco in the first quarter valued at approximately $34,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 2.2%

Shares of NYSE:BTI opened at $51.22 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 52-week low of $34.17 and a 52-week high of $59.29. The company has a 50 day moving average of $55.56 and a two-hundred day moving average of $48.73. The company has a market capitalization of $105.37 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 3.63 and a beta of 0.42.

Wall Street Analyst Weigh In

Several research firms recently commented on BTI. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Monday, September 8th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Morgan Stanley restated an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Barclays restated an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.00.

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.