9,316 Shares in British American Tobacco p.l.c. $BTI Acquired by Sovran Advisors LLC

Sovran Advisors LLC purchased a new position in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, HoldingsChannel reports. The firm purchased 9,316 shares of the company’s stock, valued at approximately $478,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BTI. True Wealth Design LLC bought a new position in British American Tobacco in the 3rd quarter worth $29,000. Cary Street Partners Financial LLC bought a new stake in British American Tobacco during the second quarter valued at about $30,000. Salem Investment Counselors Inc. lifted its position in shares of British American Tobacco by 48.6% in the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares in the last quarter. City Holding Co. bought a new position in shares of British American Tobacco in the third quarter worth about $42,000. Finally, Mather Group LLC. purchased a new stake in shares of British American Tobacco during the third quarter worth about $45,000. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Kepler Capital Markets initiated coverage on shares of British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating on the stock. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

British American Tobacco stock opened at $60.30 on Wednesday. The company’s 50-day moving average price is $56.98 and its 200-day moving average price is $55.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a twelve month low of $37.31 and a twelve month high of $60.38.

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.