Logan Capital Management Inc. boosted its stake in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,005 shares of the company’s stock after buying an additional 13,402 shares during the quarter. Logan Capital Management Inc.’s holdings in British American Tobacco were worth $8,097,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. raised its position in British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after buying an additional 416 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in British American Tobacco in the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC raised its position in British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after buying an additional 346 shares during the last quarter. Binnacle Investments Inc raised its position in British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after buying an additional 465 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco in the 4th quarter valued at $42,000. 16.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Monday. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, British American Tobacco has an average rating of “Moderate Buy” and a consensus target price of $51.00.
British American Tobacco Stock Performance
Shares of BTI opened at $61.43 on Friday. The business has a 50-day moving average of $60.31 and a 200 day moving average of $59.18. British American Tobacco p.l.c. has a fifty-two week low of $46.38 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.
About British American Tobacco
British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.
BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.
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