British American Tobacco p.l.c. $BTI Stock: Victory Financial Group LLC Raises Position

Victory Financial Group LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 85.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 19,343 shares of the company’s stock after acquiring an additional 8,894 shares during the period. Victory Financial Group LLC’s holdings in British American Tobacco were worth $1,052,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. West Financial Advisors LLC purchased a new stake in British American Tobacco in the third quarter worth $29,000. NFSG Corp boosted its stake in shares of British American Tobacco by 69.4% during the third quarter. NFSG Corp now owns 881 shares of the company’s stock valued at $48,000 after purchasing an additional 361 shares during the period. Community Bank N.A. purchased a new stake in shares of British American Tobacco during the second quarter valued at $55,000. Root Financial Partners LLC bought a new position in shares of British American Tobacco in the third quarter worth about $66,000. Finally, Main Street Group LTD bought a new position in shares of British American Tobacco in the first quarter worth about $76,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Down 0.1%

Shares of BTI stock opened at $59.76 on Thursday. British American Tobacco p.l.c. has a twelve month low of $50.84 and a twelve month high of $67.30. The stock has a fifty day simple moving average of $56.29 and a two-hundred day simple moving average of $59.07. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64.

British American Tobacco (NYSE:BTI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $2.21 by ($1.10). The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $16.42 billion. On average, research analysts expect that British American Tobacco p.l.c. will post 4.79 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on BTI. SBG Securities raised shares of British American Tobacco to a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of British American Tobacco in a research note on Monday, August 31st. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $68.10 target price on shares of British American Tobacco in a research report on Monday, September 7th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.10.

British American Tobacco Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.