TrueMark Investments LLC Boosts Stake in British American Tobacco p.l.c. $BTI

TrueMark Investments LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 29.8% in the first quarter, HoldingsChannel.com reports. The fund owned 224,796 shares of the company’s stock after acquiring an additional 51,628 shares during the quarter. British American Tobacco comprises about 2.6% of TrueMark Investments LLC’s investment portfolio, making the stock its 6th biggest position. TrueMark Investments LLC’s holdings in British American Tobacco were worth $13,144,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. First Command Advisory Services Inc. raised its stake in British American Tobacco by 1,386.7% in the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new position in British American Tobacco in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC raised its position in shares of British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after buying an additional 346 shares in the last quarter. SHP Wealth Management acquired a new position in shares of British American Tobacco in the 4th quarter valued at approximately $35,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of British American Tobacco during the 2nd quarter worth approximately $30,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on BTI. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Finally, Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, British American Tobacco currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Trading Up 1.0%

Shares of NYSE:BTI opened at $61.37 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $60.60 and a 200 day simple moving average of $59.36. British American Tobacco p.l.c. has a one year low of $46.38 and a one year high of $67.30.

British American Tobacco Profile

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.