Logan Capital Management Inc. Increases Stock Holdings in British American Tobacco p.l.c. $BTI

Logan Capital Management Inc. increased its position in British American Tobacco p.l.c. (NYSE:BTI) by 10.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 143,005 shares of the company’s stock after acquiring an additional 13,402 shares during the quarter. Logan Capital Management Inc.’s holdings in British American Tobacco were worth $8,097,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AlphaCore Capital LLC lifted its holdings in British American Tobacco by 1.6% in the fourth quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock valued at $614,000 after acquiring an additional 170 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of British American Tobacco by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock worth $283,000 after buying an additional 181 shares during the period. NewEdge Wealth LLC raised its stake in shares of British American Tobacco by 0.3% in the fourth quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock worth $3,323,000 after buying an additional 187 shares during the period. Sage Rhino Capital LLC raised its stake in shares of British American Tobacco by 3.2% in the fourth quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock worth $405,000 after buying an additional 219 shares during the period. Finally, Ariadne Wealth Management LP raised its stake in shares of British American Tobacco by 3.6% in the third quarter. Ariadne Wealth Management LP now owns 6,530 shares of the company’s stock worth $356,000 after buying an additional 225 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BTI shares. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Monday. Finally, Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Performance

NYSE:BTI opened at $61.43 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 12-month low of $46.38 and a 12-month high of $67.30. The stock has a 50-day moving average price of $60.31 and a 200 day moving average price of $59.18.

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.