British American Tobacco p.l.c. $BTI Shares Newly Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 20,723 shares of the company’s stock, valued at approximately $1,134,000.

Other large investors have also recently added to or reduced their stakes in the company. Glen Eagle Advisors LLC bought a new stake in shares of British American Tobacco in the 4th quarter worth approximately $26,000. SHP Wealth Management bought a new stake in shares of British American Tobacco during the fourth quarter valued at approximately $35,000. Community Bank N.A. bought a new stake in shares of British American Tobacco during the second quarter valued at approximately $55,000. Main Street Group LTD bought a new stake in shares of British American Tobacco during the first quarter valued at approximately $76,000. Finally, Whipplewood Advisors LLC raised its stake in shares of British American Tobacco by 1,342.7% in the first quarter. Whipplewood Advisors LLC now owns 1,486 shares of the company’s stock valued at $87,000 after purchasing an additional 1,383 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Up 1.7%

NYSE BTI traded up $0.96 during trading on Wednesday, reaching $56.61. 4,328,890 shares of the company traded hands, compared to its average volume of 4,556,104. British American Tobacco p.l.c. has a 1-year low of $49.88 and a 1-year high of $67.30. The stock’s 50 day moving average price is $55.80 and its two-hundred day moving average price is $58.86. 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 (NYSE:BTI) last issued its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The firm had revenue of $8.10 billion during the quarter, compared to analyst estimates of $16.42 billion. On average, sell-side analysts forecast that British American Tobacco p.l.c. will post 4.81 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on BTI shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 30th. SBG Securities raised shares of British American Tobacco to a “buy” rating in a report on Friday, August 7th. BTIG Research began coverage on shares of British American Tobacco in a research note on Tuesday, July 21st. They issued a “buy” rating for the company. Royal Bank Of Canada restated a “sell” rating on shares of British American Tobacco in a research note on Friday, September 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. 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’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.