Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
British American Tobacco PLC (NYSE: BTI)
Following the acquisition of Reynolds American, British American Tobacco is neck-and-neck with Philip Morris International to be the largest listed global tobacco company–slightly larger than PMI on net revenue, but slightly smaller on volumes. British American’s Global Drive Brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans, and it also owns Newport and Camel in the U.S. The firm also sells vapor e-cigarettes, including its Vype brand, heated tobacco, with Glo, as well as roll- your-own and smokeless tobacco products. The company holds 31% of ITC Limited, the leading Indian cigarette-maker.
A quick look at the price chart below shows us that the stock is up 23% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 10.10, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in the company include:
(Shares)
Jeremy Grantham – 2,330,358
Ken Griffin – 522,249
Stanley Druckenmiller – 132,550
Jim Simons – 106,300
Jeff Auxier – 104,198
Jean-Marie Eveillard – 95,048
Jim O’Shaughnessy – 70,811
Michael Price – 15,000
Lee Ainslie – 2,633
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