Yousif Capital Management LLC Buys 1,805 Shares of British American Tobacco p.l.c. $BTI

Yousif Capital Management LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 24,556 shares of the company’s stock after purchasing an additional 1,805 shares during the period. Yousif Capital Management LLC’s holdings in British American Tobacco were worth $1,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd boosted its stake in shares of 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 worth $497,318,000 after buying an additional 2,040,011 shares during the last quarter. GQG Partners LLC boosted its stake in shares of British American Tobacco by 59.8% in the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after buying an additional 3,590,916 shares during the last quarter. Newport Trust Company LLC lifted its stake in British American Tobacco by 1.1% in 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 lifted its stake in British American Tobacco by 1.5% in the first quarter. Northern Trust Corp now owns 2,473,942 shares of the company’s stock valued at $102,347,000 after purchasing an additional 35,926 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in 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 valued at $59,866,000 after purchasing an additional 42,531 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Performance

British American Tobacco stock opened at $50.38 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The firm has a 50-day moving average of $54.57 and a 200-day moving average of $49.65. The firm has a market cap of $103.53 billion, a P/E ratio of 10.35, a P/E/G ratio of 3.61 and a beta of 0.42.

Analysts Set New Price Targets

Several research firms have issued reports on BTI. Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Jefferies Financial Group started coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock 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.