Vanguard Personalized Indexing Management LLC Has $4.11 Million Position in British American Tobacco p.l.c. $BTI

Vanguard Personalized Indexing Management LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,448 shares of the company’s stock after buying an additional 9,397 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in British American Tobacco were worth $4,111,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BTI. Savoir Faire Capital Management L.P. increased its stake in British American Tobacco by 19.4% in the third quarter. Savoir Faire Capital Management L.P. now owns 248,682 shares of the company’s stock valued at $13,200,000 after acquiring an additional 40,337 shares during the period. Sovran Advisors LLC acquired a new stake in British American Tobacco during the third quarter valued at approximately $478,000. Cheviot Value Management LLC grew its stake in shares of British American Tobacco by 10.5% in the 3rd quarter. Cheviot Value Management LLC now owns 6,325 shares of the company’s stock valued at $332,000 after purchasing an additional 600 shares during the period. Sagespring Wealth Partners LLC grew its stake in shares of British American Tobacco by 2.7% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 21,479 shares of the company’s stock valued at $1,140,000 after purchasing an additional 569 shares during the period. Finally, GDS Wealth Management acquired a new position in shares of British American Tobacco in the 3rd quarter worth approximately $268,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BTI shares. Kepler Capital Markets initiated coverage on British American Tobacco in a research report on Friday, December 12th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, January 21st. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Performance

BTI opened at $60.17 on Thursday. British American Tobacco p.l.c. has a 1-year low of $37.31 and a 1-year high of $60.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The firm has a 50-day moving average price of $57.09 and a two-hundred day moving average price of $55.16.

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.