Savoir Faire Capital Management L.P. Boosts Stock Holdings in British American Tobacco p.l.c. $BTI

Savoir Faire Capital Management L.P. lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,682 shares of the company’s stock after acquiring an additional 40,337 shares during the quarter. British American Tobacco accounts for 4.7% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 3rd largest holding. Savoir Faire Capital Management L.P.’s holdings in British American Tobacco were worth $13,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sovran Advisors LLC purchased a new stake in shares of British American Tobacco during the third quarter worth $478,000. Cheviot Value Management LLC raised its stake in shares of British American Tobacco by 10.5% during the 3rd quarter. Cheviot Value Management LLC now owns 6,325 shares of the company’s stock worth $332,000 after purchasing an additional 600 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of British American Tobacco by 2.7% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 21,479 shares of the company’s stock valued at $1,140,000 after buying an additional 569 shares in the last quarter. GDS Wealth Management acquired a new position in shares of British American Tobacco during the 3rd quarter worth about $268,000. Finally, Symphony Financial Ltd. Co. grew its holdings in British American Tobacco by 4.5% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 10,159 shares of the company’s stock valued at $539,000 after buying an additional 436 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Kepler Capital Markets began coverage on shares of British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating for the company. Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Trading Up 1.7%

Shares of NYSE:BTI opened at $59.18 on Monday. The company’s fifty day moving average is $56.78 and its 200-day moving average is $55.01. 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 52 week low of $37.08 and a 52 week high of $59.29.

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.