Turtle Creek Wealth Advisors LLC Acquires 45,923 Shares of British American Tobacco p.l.c. $BTI

Turtle Creek Wealth Advisors LLC raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 1,039.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,339 shares of the company’s stock after purchasing an additional 45,923 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in British American Tobacco were worth $2,738,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BTI. SHP Wealth Management acquired a new stake in British American Tobacco during the 4th quarter worth approximately $35,000. Community Bank N.A. purchased a new stake in shares of British American Tobacco during the second quarter worth approximately $55,000. Main Street Group LTD purchased a new stake in shares of British American Tobacco during the first quarter worth approximately $76,000. Whipplewood Advisors LLC lifted its holdings in shares of British American Tobacco by 1,342.7% during the first quarter. Whipplewood Advisors LLC now owns 1,486 shares of the company’s stock worth $87,000 after purchasing an additional 1,383 shares during the period. Finally, MCF Advisors LLC purchased a new position in British American Tobacco in the 2nd quarter valued at $103,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 1.8%

Shares of British American Tobacco stock traded up $1.02 during trading on Thursday, reaching $57.68. The company’s stock had a trading volume of 3,537,330 shares, compared to its average volume of 4,549,759. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 12-month low of $49.88 and a 12-month high of $67.30. The business has a 50 day moving average price of $55.80 and a 200-day moving average price of $58.86.

British American Tobacco (NYSE:BTI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The company had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $16.42 billion. Equities analysts predict that British American Tobacco p.l.c. will post 4.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BTI shares. UBS Group reissued a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, October 1st. Morningstar raised shares of British American Tobacco to a “buy” rating in a report on Thursday, September 10th. Royal Bank Of Canada reiterated a “sell” rating on shares of British American Tobacco in a research note on Friday, September 11th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of British American Tobacco in a report on Wednesday, September 30th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and an average target price of $68.10.

About British American Tobacco

British American Tobacco p.l.c. (NYSE:BTI) is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.

Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.