British American Tobacco p.l.c. $BTI Shares Purchased by Newport Trust Company LLC

Newport Trust Company LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,611,105 shares of the company’s stock after acquiring an additional 8,952 shares during the quarter. Newport Trust Company LLC’s holdings in British American Tobacco were worth $147,841,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of British American Tobacco by 141.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after acquiring an additional 346 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of British American Tobacco during the second quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of British American Tobacco during the fourth quarter valued at about $42,000. Binnacle Investments Inc increased its holdings in shares of British American Tobacco by 163.2% during the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after acquiring an additional 465 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of British American Tobacco by 100.0% during the third quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after acquiring an additional 391 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.8%

Shares of NYSE BTI opened at $65.83 on Friday. The business’s 50 day moving average price is $59.44 and its 200 day moving average price is $58.43. British American Tobacco p.l.c. has a 52 week low of $44.01 and a 52 week high of $67.30. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BTI shares. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Weiss Ratings lowered British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.