Mirabella Financial Services LLP Invests $1.96 Million in British American Tobacco p.l.c. $BTI

Mirabella Financial Services LLP purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 41,420 shares of the company’s stock, valued at approximately $1,960,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Western Wealth Management LLC lifted its stake in shares of British American Tobacco by 2.5% in the 2nd quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock valued at $410,000 after purchasing an additional 208 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of British American Tobacco by 1.2% in the second quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock worth $915,000 after acquiring an additional 223 shares during the period. Mission Wealth Management LP grew its position in shares of British American Tobacco by 2.1% during the 2nd quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after acquiring an additional 226 shares during the period. Michels Family Financial LLC raised its holdings in British American Tobacco by 1.3% in the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after purchasing an additional 249 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in British American Tobacco by 9.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.9%

BTI stock opened at $58.02 on Friday. British American Tobacco p.l.c. has a 1 year low of $34.82 and a 1 year 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. The business has a 50 day simple moving average of $53.57 and a 200-day simple moving average of $52.47.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and an average target price of $51.00.

About British American Tobacco

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.