D.A. Davidson & CO. Buys 21,303 Shares of British American Tobacco p.l.c. $BTI

D.A. Davidson & CO. lifted its position in British American Tobacco p.l.c. (NYSE:BTI) by 40.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 74,155 shares of the company’s stock after purchasing an additional 21,303 shares during the period. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $4,336,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BTI. First Command Advisory Services Inc. lifted its stake 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 worth $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC purchased a new position in shares of British American Tobacco during the 4th quarter valued at $26,000. Cary Street Partners Financial LLC purchased a new position in shares of British American Tobacco during the 2nd quarter valued at $30,000. SHP Wealth Management bought a new position in shares of British American Tobacco in the fourth quarter worth $35,000. Finally, Cornerstone Planning Group LLC raised its position in shares of British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.4%

British American Tobacco stock opened at $62.89 on Friday. The firm’s fifty day moving average price is $61.88 and its 200-day moving average price is $59.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a fifty-two week low of $49.88 and a fifty-two week high of $67.30.

Wall Street Analyst Weigh In

Several research firms recently commented on BTI. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Company Profile

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.