E Fund Management Hong Kong Co. Ltd. Has $136,000 Stock Holdings in British American Tobacco p.l.c. $BTI

E Fund Management Hong Kong Co. Ltd. raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,871 shares of the company’s stock after purchasing an additional 259 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in British American Tobacco were worth $136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd grew its holdings in British American Tobacco by 20.4% during the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock valued at $497,318,000 after purchasing an additional 2,040,011 shares during the last quarter. GQG Partners LLC grew its holdings in British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock valued at $397,089,000 after purchasing an additional 3,590,916 shares during the last quarter. Newport Trust Company LLC grew its holdings in British American Tobacco by 1.1% during the first quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company’s stock valued at $114,779,000 after purchasing an additional 31,205 shares during the last quarter. Northern Trust Corp grew its stake in shares of British American Tobacco by 1.5% in the first quarter. Northern Trust Corp now owns 2,473,942 shares of the company’s stock worth $102,347,000 after acquiring an additional 35,926 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of British American Tobacco by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 1,447,083 shares of the company’s stock worth $59,866,000 after acquiring an additional 42,531 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Down 0.8%

BTI opened at $51.59 on Thursday. 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 company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The firm’s fifty day moving average price is $55.49 and its two-hundred day moving average price is $48.95. The company has a market capitalization of $106.15 billion, a P/E ratio of 10.59, a P/E/G ratio of 3.60 and a beta of 0.42.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BTI. Barclays restated an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Jefferies Financial Group began coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Royal Bank Of Canada downgraded shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Morgan Stanley restated an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, British American Tobacco has a consensus rating of “Hold” and an average 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.