Hilton Head Capital Partners LLC Invests $996,000 in British American Tobacco p.l.c. $BTI

Hilton Head Capital Partners LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,595 shares of the company’s stock, valued at approximately $996,000.

Several other hedge funds also recently modified their holdings of BTI. AdvisorShares Investments LLC boosted its holdings in shares of British American Tobacco by 252.5% during the 3rd quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company’s stock worth $1,319,000 after buying an additional 17,798 shares during the period. Capital World Investors boosted its holdings in shares of British American Tobacco by 12,870.7% during the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after buying an additional 9,397,693 shares during the period. Wealth High Governance Capital Ltda bought a new stake in shares of British American Tobacco during the 4th quarter worth $6,911,000. Assetmark Inc. boosted its holdings in shares of British American Tobacco by 4.3% during the 4th quarter. Assetmark Inc. now owns 557,887 shares of the company’s stock worth $31,588,000 after buying an additional 23,141 shares during the period. Finally, Modern Wealth Management LLC bought a new stake in shares of British American Tobacco during the 3rd quarter worth $14,771,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Seven analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Performance

Shares of BTI stock opened at $59.91 on Monday. British American Tobacco p.l.c. has a 52-week low of $46.38 and a 52-week high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The firm has a fifty day moving average of $60.11 and a 200-day moving average of $59.02.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.