PNC Financial Services Group Inc. Has $7.53 Million Holdings in British American Tobacco p.l.c. $BTI

PNC Financial Services Group Inc. grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 26.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,792 shares of the company’s stock after purchasing an additional 26,824 shares during the quarter. PNC Financial Services Group Inc.’s holdings in British American Tobacco were worth $7,530,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BTI. Atlantic Family Wealth LLC boosted its stake in British American Tobacco by 3.5% in the 1st quarter. Atlantic Family Wealth LLC now owns 6,345 shares of the company’s stock valued at $371,000 after purchasing an additional 215 shares during the period. MWA Asset Management bought a new position in British American Tobacco during the 1st quarter worth $173,000. Earned Wealth Advisors LLC lifted its holdings in shares of British American Tobacco by 8.6% during the first quarter. Earned Wealth Advisors LLC now owns 4,056 shares of the company’s stock worth $237,000 after buying an additional 322 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of British American Tobacco by 3,899.7% in the first quarter. WCM Investment Management LLC now owns 2,362,818 shares of the company’s stock valued at $137,658,000 after acquiring an additional 2,303,743 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of British American Tobacco by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 762,785 shares of the company’s stock valued at $44,595,000 after acquiring an additional 5,155 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

BTI opened at $60.89 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 52-week low of $49.88 and a 52-week high of $67.30. The business’s fifty day moving average is $61.60 and its 200-day moving average is $60.01.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. BTIG Research began coverage on shares of British American Tobacco in a report on Tuesday, July 21st. They issued a “buy” rating for the company. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

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.