Capital Wealth Planning LLC Buys 71,191 Shares of British American Tobacco p.l.c. $BTI

Capital Wealth Planning LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 246,415 shares of the company’s stock after acquiring an additional 71,191 shares during the period. Capital Wealth Planning LLC’s holdings in British American Tobacco were worth $13,935,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. AlphaCore Capital LLC increased its position in 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 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 valued at $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 valued at $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 valued at $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 valued at $356,000 after buying an additional 225 shares during the period. Institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $61.20 on Thursday. The company has a 50 day moving average of $60.25 and a 200 day moving average of $59.13. British American Tobacco p.l.c. has a 12 month low of $46.38 and a 12 month high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

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.