Ascentis Independent Advisors Purchases 9,754 Shares of British American Tobacco p.l.c. $BTI

Ascentis Independent Advisors increased its position in British American Tobacco p.l.c. (NYSE:BTI) by 155.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 16,043 shares of the company’s stock after acquiring an additional 9,754 shares during the quarter. Ascentis Independent Advisors’ holdings in British American Tobacco were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. AlphaCore Capital LLC boosted its holdings in shares of British American Tobacco by 1.6% in the fourth quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock worth $614,000 after buying an additional 170 shares during the last quarter. Coldstream Capital Management Inc. raised its position in 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 acquiring an additional 181 shares during the period. NewEdge Wealth LLC boosted its stake in shares of British American Tobacco by 0.3% during the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock worth $3,323,000 after acquiring an additional 187 shares during the last quarter. Intrua Financial LLC grew its position in shares of British American Tobacco by 3.8% during the 1st quarter. Intrua Financial LLC now owns 5,306 shares of the company’s stock valued at $310,000 after acquiring an additional 196 shares during the period. Finally, Laurel Oak Wealth Management LLC raised its holdings in British American Tobacco by 3.2% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 6,666 shares of the company’s stock worth $390,000 after purchasing an additional 204 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Up 0.6%

Shares of British American Tobacco stock opened at $61.85 on Wednesday. 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 52 week low of $47.54 and a 52 week high of $67.30. The stock’s 50-day simple moving average is $61.54 and its 200-day simple moving average is $59.64.

British American Tobacco 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.