Carrera Capital Advisors Invests $211,000 in British American Tobacco p.l.c. $BTI

Carrera Capital Advisors acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,389 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BTI. GQG Partners LLC boosted its position in shares of British American Tobacco by 59.8% during the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after purchasing an additional 3,590,916 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in British American Tobacco by 20.4% in the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock valued at $497,318,000 after acquiring an additional 2,040,011 shares in the last quarter. WT Asset Management Ltd bought a new position in British American Tobacco in the 2nd quarter valued at about $37,850,000. Kingstone Capital Partners Texas LLC bought a new position in British American Tobacco in the 2nd quarter valued at about $29,568,000. Finally, Truist Financial Corp lifted its position in British American Tobacco by 128.7% in the 2nd quarter. Truist Financial Corp now owns 403,170 shares of the company’s stock valued at $19,082,000 after acquiring an additional 226,907 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BTI shares. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Friday. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Finally, Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Monday, September 8th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco currently has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Stock Up 0.5%

British American Tobacco stock opened at $52.09 on Friday. British American Tobacco p.l.c. has a 1-year low of $34.24 and a 1-year high of $59.29. The firm has a market capitalization of $107.04 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 3.66 and a beta of 0.42. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The firm has a 50 day simple moving average of $54.24 and a 200 day simple moving average of $49.83.

British American Tobacco 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.