Logan Capital Management Inc. Decreases Position in British American Tobacco p.l.c. $BTI

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

Several other hedge funds and other institutional investors also recently bought and sold shares of BTI. Orbis Allan Gray Ltd boosted its stake in British American Tobacco by 20.4% during the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company’s stock worth $497,318,000 after buying an additional 2,040,011 shares during the period. GQG Partners LLC lifted its holdings in shares of British American Tobacco by 59.8% in the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after acquiring an additional 3,590,916 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in British American Tobacco by 93.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,792,258 shares of the company’s stock valued at $132,158,000 after purchasing an additional 1,345,175 shares during the last quarter. Newport Trust Company LLC raised its position in British American Tobacco by 1.1% in the 1st quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company’s stock worth $114,779,000 after purchasing an additional 31,205 shares during the period. Finally, Northern Trust Corp lifted its stake in British American Tobacco by 1.5% in the first quarter. Northern Trust Corp now owns 2,473,942 shares of the company’s stock worth $102,347,000 after purchasing an additional 35,926 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $52.13 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average price is $54.12 and its 200-day moving average price is $50.05. The firm has a market cap 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. British American Tobacco p.l.c. has a 12 month low of $34.24 and a 12 month high of $59.29.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BTI shares. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, British American Tobacco presently has a consensus rating of “Hold” and a consensus target price of $51.00.

About British American Tobacco

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.