Csenge Advisory Group Takes Position in British American Tobacco p.l.c. $BTI

Csenge Advisory Group purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 8,645 shares of the company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. AlphaCore Capital LLC grew its holdings in shares of British American Tobacco by 1.6% during the fourth quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock valued at $614,000 after buying an additional 170 shares in the last quarter. NewEdge Wealth LLC grew its holdings 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 in the last quarter. Sage Rhino Capital LLC grew its holdings in shares of British American Tobacco by 3.2% during 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 in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of British American Tobacco by 2.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock valued at $612,000 after buying an additional 222 shares in the last quarter. Finally, Ariadne Wealth Management LP grew its holdings in shares of British American Tobacco by 3.6% during 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 in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI opened at $65.83 on Friday. British American Tobacco p.l.c. has a 1 year low of $44.01 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The stock has a fifty day moving average price of $59.44 and a 200 day moving average price of $58.43.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Weiss Ratings cut British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

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.