Fulton Bank N.A. Invests $2.21 Million in British American Tobacco p.l.c. $BTI

Fulton Bank N.A. bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 46,723 shares of the company’s stock, valued at approximately $2,211,000.

Several other hedge funds also recently made changes to their positions in BTI. GQG Partners LLC lifted its position in shares of British American Tobacco by 59.8% in the first 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 increased its stake 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 buying an additional 2,040,011 shares during the last quarter. GAMMA Investing LLC lifted its position in British American Tobacco by 5,144.6% during the 1st quarter. GAMMA Investing LLC now owns 276,393 shares of the company’s stock worth $11,434,000 after buying an additional 271,123 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of British American Tobacco by 39.6% during the 4th quarter. Two Sigma Advisers LP now owns 877,000 shares of the company’s stock worth $31,853,000 after buying an additional 248,700 shares during the last quarter. Finally, First Sabrepoint Capital Management LP bought a new position in shares of British American Tobacco in the 1st quarter valued at about $7,653,000. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

BTI has been the subject of several recent analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Monday, September 8th. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Finally, Barclays reissued an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco Stock Performance

NYSE BTI opened at $56.01 on Thursday. The firm’s fifty day moving average price is $55.26 and its two-hundred day moving average price is $47.72. The stock has a market cap of $115.24 billion, a PE ratio of 11.50, a PEG ratio of 3.83 and a beta of 0.40. 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 p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.29.

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.