Newport Trust Company LLC Buys 8,952 Shares of British American Tobacco p.l.c. $BTI

Newport Trust Company LLC increased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,611,105 shares of the company’s stock after buying an additional 8,952 shares during the quarter. Newport Trust Company LLC owned about 0.13% of British American Tobacco worth $147,841,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its position in British American Tobacco by 31.0% in the fourth quarter. Global Retirement Partners LLC now owns 49,499 shares of the company’s stock worth $2,803,000 after buying an additional 11,721 shares during the last quarter. IFP Advisors Inc lifted its position in British American Tobacco by 2.2% in the fourth quarter. IFP Advisors Inc now owns 16,552 shares of the company’s stock worth $937,000 after buying an additional 352 shares during the last quarter. Intrust Bank NA lifted its position in British American Tobacco by 4.2% in the fourth quarter. Intrust Bank NA now owns 13,011 shares of the company’s stock worth $737,000 after buying an additional 528 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in British American Tobacco by 14.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,226 shares of the company’s stock worth $126,000 after buying an additional 280 shares during the last quarter. Finally, Csenge Advisory Group bought a new stake in British American Tobacco in the fourth quarter worth $489,000. 16.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BTI has been the subject of a number of analyst reports. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Seven investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Price Performance

NYSE: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 50-day moving average of $59.44 and a 200 day moving average of $58.43. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

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.