Capricorn Fund Managers Ltd Takes $8.60 Million Position in British American Tobacco p.l.c. $BTI

Capricorn Fund Managers Ltd acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 147,000 shares of the company’s stock, valued at approximately $8,595,000. British American Tobacco accounts for approximately 1.3% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 25th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. AlphaCore Capital LLC raised its position in British American Tobacco by 1.6% during the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock valued at $614,000 after purchasing an additional 170 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of British American Tobacco by 3.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock worth $283,000 after buying an additional 181 shares in the last quarter. NewEdge Wealth LLC increased its stake in shares of British American Tobacco by 0.3% during 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. Intrua Financial LLC raised its holdings in shares of British American Tobacco by 3.8% in the first quarter. Intrua Financial LLC now owns 5,306 shares of the company’s stock valued at $310,000 after acquiring an additional 196 shares in the last quarter. Finally, Laurel Oak Wealth Management LLC raised its holdings in shares of British American Tobacco by 3.2% in the first quarter. Laurel Oak Wealth Management LLC now owns 6,666 shares of the company’s stock valued at $390,000 after acquiring an additional 204 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 1.4%

Shares of BTI stock opened at $61.86 on Wednesday. The stock’s 50-day moving average is $61.06 and its 200 day moving average is $59.50. British American Tobacco p.l.c. has a 1-year low of $46.38 and a 1-year 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.

Analysts Set New Price Targets

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