RNC Capital Management LLC Has $451,000 Stake in British American Tobacco p.l.c. $BTI

RNC Capital Management LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,519 shares of the company’s stock after acquiring an additional 1,135 shares during the period. RNC Capital Management LLC’s holdings in British American Tobacco were worth $451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lockheed Martin Investment Management Co. increased its holdings in shares of British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after purchasing an additional 30,600 shares during the period. Consolidated Portfolio Review Corp bought a new position in shares of British American Tobacco during the 1st quarter worth about $375,000. Atria Wealth Solutions Inc. increased its holdings in shares of British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after purchasing an additional 5,745 shares during the period. Todd Asset Management LLC increased its holdings in shares of British American Tobacco by 26.9% during the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock worth $30,692,000 after purchasing an additional 157,251 shares during the period. Finally, Essex LLC bought a new position in shares of British American Tobacco during the 1st quarter worth about $292,000. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the topic of several research reports. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Royal Bank Of Canada cut shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Finally, Jefferies Financial Group began coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Price Performance

NYSE:BTI opened at $51.11 on Thursday. The firm has a market cap of $105.04 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. British American Tobacco p.l.c. has a 12 month low of $34.24 and a 12 month high of $59.29. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $54.45 and its two-hundred day moving average price is $49.66.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.