RNC Capital Management LLC Purchases 1,135 Shares of British American Tobacco p.l.c. $BTI

RNC Capital Management LLC increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 13.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,519 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. RNC Capital Management LLC’s holdings in British American Tobacco were worth $451,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake in shares of British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after acquiring an additional 280 shares during the period. Golden State Wealth Management LLC boosted its stake in British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after acquiring an additional 305 shares during the last quarter. Mather Group LLC. grew its holdings in British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after acquiring an additional 480 shares during the period. Pandora Wealth Inc. acquired a new position in shares of British American Tobacco in the 1st quarter valued at $32,000. Finally, Bessemer Group Inc. grew its stake in shares of British American Tobacco by 232.4% during the first quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock worth $45,000 after purchasing an additional 781 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BTI shares. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 2nd. 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. Finally, Argus upgraded 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 report on Monday, September 8th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Stock Up 1.4%

Shares of BTI stock opened at $51.11 on Thursday. The firm has a fifty day moving average of $54.45 and a 200-day moving average of $49.66. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. 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 market capitalization of $105.04 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 3.55 and a beta of 0.42.

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.