NewEdge Advisors LLC Acquires 23,086 Shares of British American Tobacco p.l.c. $BTI

NewEdge Advisors LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,337 shares of the company’s stock after buying an additional 23,086 shares during the period. NewEdge Advisors LLC’s holdings in British American Tobacco were worth $5,399,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. First Command Advisory Services Inc. grew its holdings in British American Tobacco by 1,386.7% during the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after acquiring an additional 416 shares during the period. Glen Eagle Advisors LLC acquired a new position in shares of British American Tobacco in the 4th quarter valued at $26,000. Cary Street Partners Financial LLC bought a new position in shares of British American Tobacco in the 2nd quarter worth $30,000. SHP Wealth Management bought a new position in shares of British American Tobacco in the 4th quarter worth $35,000. Finally, Cornerstone Planning Group LLC lifted its stake in British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after buying an additional 346 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Down 0.4%

NYSE:BTI opened at $56.84 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $49.88 and a twelve month high of $67.30. The business has a 50 day moving average price of $60.58 and a two-hundred day moving average price of $60.32. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of British American Tobacco in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, British American Tobacco currently has a consensus rating of “Moderate Buy” and a consensus target price 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.