British American Tobacco p.l.c. $BTI Shares Bought by Victory Financial Group LLC

Victory Financial Group LLC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 85.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,343 shares of the company’s stock after acquiring an additional 8,894 shares during the quarter. Victory Financial Group LLC’s holdings in British American Tobacco were worth $1,052,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its position in shares of British American Tobacco by 217.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 94,068 shares of the company’s stock worth $5,700,000 after acquiring an additional 64,408 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of British American Tobacco by 11.2% during the 2nd quarter. QRG Capital Management Inc. now owns 224,848 shares of the company’s stock worth $13,887,000 after purchasing an additional 22,587 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of British American Tobacco by 11.9% during the 1st quarter. Quantinno Capital Management LP now owns 398,397 shares of the company’s stock worth $23,294,000 after purchasing an additional 42,336 shares during the last quarter. Bessemer Group Inc. boosted its position in British American Tobacco by 1,039.9% during the first quarter. Bessemer Group Inc. now owns 27,130 shares of the company’s stock valued at $1,586,000 after purchasing an additional 24,750 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in British American Tobacco by 64.1% during the third quarter. CWA Asset Management Group LLC now owns 116,920 shares of the company’s stock valued at $6,360,000 after purchasing an additional 45,677 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of BTI stock opened at $59.76 on Thursday. The business’s fifty day simple moving average is $56.29 and its 200-day simple moving average is $59.07. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 12-month low of $50.84 and a 12-month high of $67.30.

British American Tobacco (NYSE:BTI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $16.42 billion. As a group, analysts expect that British American Tobacco p.l.c. will post 4.79 earnings per share for the current year.

Wall Street Analyst Weigh In

BTI has been the topic of several analyst reports. Morningstar upgraded British American Tobacco to a “buy” rating in a research note on Thursday, September 10th. Jefferies Financial Group reissued a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 30th. UBS Group reissued a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 2nd. Royal Bank Of Canada restated a “sell” rating on shares of British American Tobacco in a report on Friday, September 11th. Finally, SBG Securities raised shares of British American Tobacco to a “buy” rating in a research report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.10.

About British American Tobacco

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.