Sei Investments Co. Purchases 559,858 Shares of British American Tobacco p.l.c. $BTI

Sei Investments Co. boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 75.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,303,646 shares of the company’s stock after purchasing an additional 559,858 shares during the period. Sei Investments Co.’s holdings in British American Tobacco were worth $76,223,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. AlphaCore Capital LLC increased its position in shares of 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 during the last quarter. Coldstream Capital Management Inc. boosted its holdings 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 worth $283,000 after buying an additional 181 shares during the last quarter. NewEdge Wealth LLC boosted its holdings 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 worth $3,323,000 after buying an additional 187 shares during the last quarter. Renasant Bank grew its position in British American Tobacco by 4.8% during the first quarter. Renasant Bank now owns 4,152 shares of the company’s stock valued at $243,000 after buying an additional 192 shares during the period. Finally, Intrua Financial LLC increased its holdings in British American Tobacco by 3.8% during the first 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. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. BTIG Research initiated coverage on British American Tobacco in a research report on Tuesday. They set a “buy” rating on the stock. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Performance

Shares of BTI opened at $60.89 on Friday. The business’s 50 day moving average is $61.60 and its 200 day moving average is $59.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 12-month low of $49.88 and a 12-month high of $67.30.

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.