Sculati Wealth Management LLC Increases Stake in British American Tobacco p.l.c. (NYSE:BTI)

Sculati Wealth Management LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 138.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,490 shares of the company's stock after buying an additional 11,300 shares during the period. Sculati Wealth Management LLC's holdings in British American Tobacco were worth $708,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Sound View Wealth Advisors Group LLC boosted its position in British American Tobacco by 3.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock worth $323,000 after purchasing an additional 258 shares during the period. Keystone Financial Group raised its holdings in British American Tobacco by 1.5% during the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after acquiring an additional 267 shares during the period. Stokes Family Office LLC lifted its position in shares of British American Tobacco by 1.9% during the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock worth $534,000 after acquiring an additional 269 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of British American Tobacco by 17.0% in the fourth quarter. Harbour Investments Inc. now owns 2,095 shares of the company's stock worth $76,000 after acquiring an additional 305 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of British American Tobacco by 0.4% in the fourth quarter. Moors & Cabot Inc. now owns 81,858 shares of the company's stock valued at $2,973,000 after purchasing an additional 321 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Bank of America started coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating on the stock. Wall Street Zen upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded up $0.16 on Friday, hitting $45.13. 6,789,109 shares of the company's stock were exchanged, compared to its average volume of 4,981,758. The stock has a market capitalization of $93.29 billion, a PE ratio of 9.27 and a beta of 0.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The company has a 50-day simple moving average of $42.38 and a 200-day simple moving average of $39.71. British American Tobacco p.l.c. has a 1 year low of $30.29 and a 1 year high of $45.41.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.