British American Tobacco p.l.c. $BTI Shares Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 16.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,401,922 shares of the company’s stock after buying an additional 202,340 shares during the period. Cullen Capital Management LLC owned 0.07% of British American Tobacco worth $66,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BTI. Western Wealth Management LLC lifted its holdings in shares of British American Tobacco by 2.5% during the 2nd quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock worth $410,000 after acquiring an additional 208 shares during the period. TD Waterhouse Canada Inc. increased its position in British American Tobacco by 1.2% during the second quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock worth $915,000 after purchasing an additional 223 shares during the last quarter. Mission Wealth Management LP boosted its holdings in shares of British American Tobacco by 2.1% in the 2nd quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after purchasing an additional 226 shares during the last quarter. Michels Family Financial LLC grew its stake in shares of British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock valued at $898,000 after buying an additional 249 shares during the period. Finally, ICONIQ Capital LLC increased its holdings in shares of British American Tobacco by 2.1% during the 2nd quarter. ICONIQ Capital LLC now owns 12,681 shares of the company’s stock worth $600,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BTI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Performance

NYSE BTI opened at $57.05 on Monday. The business has a 50 day moving average price of $54.20 and a two-hundred day moving average price of $53.12. British American Tobacco p.l.c. has a fifty-two week low of $34.82 and a fifty-two week high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

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.