British American Tobacco p.l.c. $BTI Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 55.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,773 shares of the company’s stock after purchasing an additional 15,569 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in British American Tobacco were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AlphaCore Capital LLC increased its position in British American Tobacco by 1.6% during the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock worth $614,000 after purchasing an additional 170 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of British American Tobacco by 3.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after acquiring an additional 181 shares during the period. NewEdge Wealth LLC lifted its position in shares of British American Tobacco by 0.3% during the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock valued at $3,323,000 after acquiring an additional 187 shares during the period. Sage Rhino Capital LLC lifted its position in shares of British American Tobacco by 3.2% during the 4th quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock valued at $405,000 after acquiring an additional 219 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of British American Tobacco by 2.0% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock valued at $612,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Up 3.6%

Shares of BTI opened at $59.91 on Friday. 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 firm has a 50 day simple moving average of $60.11 and a 200-day simple moving average of $58.99. British American Tobacco p.l.c. has a 1-year low of $46.38 and a 1-year high of $67.30.

Analyst Ratings Changes

A number of research firms have recently issued reports on BTI. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

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.