37,323 Shares in British American Tobacco p.l.c. $BTI Purchased by Equitable Trust Co.

Equitable Trust Co. bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the first quarter, HoldingsChannel reports. The fund bought 37,323 shares of the company’s stock, valued at approximately $2,182,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaCore Capital LLC grew its stake 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 acquiring an additional 170 shares during the period. Coldstream Capital Management Inc. lifted its position in British American Tobacco by 3.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after purchasing an additional 181 shares during the period. NewEdge Wealth LLC boosted its holdings in British American Tobacco by 0.3% in the fourth quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock worth $3,323,000 after purchasing an additional 187 shares during the last quarter. Renasant Bank grew its position in British American Tobacco by 4.8% in the 1st quarter. Renasant Bank now owns 4,152 shares of the company’s stock worth $243,000 after purchasing an additional 192 shares during the period. Finally, Intrua Financial LLC raised its stake in 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 buying an additional 196 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

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

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $60.01 on Friday. The company’s fifty day simple moving average is $61.72 and its 200-day simple moving average is $59.70. British American Tobacco p.l.c. has a 1-year low of $49.88 and a 1-year 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.

About British American Tobacco

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.