Logan Capital Management Inc. Sells 721 Shares of British American Tobacco p.l.c. $BTI

Logan Capital Management Inc. reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,999 shares of the company’s stock after selling 721 shares during the period. Logan Capital Management Inc.’s holdings in British American Tobacco were worth $6,248,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Lockheed Martin Investment Management Co. lifted its holdings in British American Tobacco by 27.7% during the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock valued at $5,833,000 after purchasing an additional 30,600 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake 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 valued at $1,074,000 after buying an additional 5,745 shares in the last quarter. Todd Asset Management LLC boosted its holdings in British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock worth $30,692,000 after buying an additional 157,251 shares during the period. Essex LLC purchased a new stake in British American Tobacco in the 1st quarter worth $292,000. Finally, Woodward Diversified Capital LLC bought a new stake in British American Tobacco during the first quarter valued at about $207,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Up 0.1%

NYSE BTI opened at $52.13 on Tuesday. The stock has a 50 day moving average price of $54.12 and a 200-day moving average price of $50.05. British American Tobacco p.l.c. has a one year low of $34.24 and a one year high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The company has a market capitalization of $107.13 billion, a P/E ratio of 10.73, a P/E/G ratio of 3.67 and a beta of 0.42.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BTI shares. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Weiss Ratings restated 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 report on Tuesday, September 2nd. Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Finally, Jefferies Financial Group assumed coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.00.

British American Tobacco 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.