Capital International Investors Purchases 332,062 Shares of British American Tobacco p.l.c. $BTI

by · The Markets Daily

Capital International Investors increased its stake in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,389,481 shares of the company’s stock after acquiring an additional 332,062 shares during the period. Capital International Investors’ holdings in British American Tobacco were worth $3,645,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. grew its position in British American Tobacco by 1,386.7% in the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after acquiring an additional 416 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in British American Tobacco in the second quarter worth $30,000. Cornerstone Planning Group LLC grew its position in British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares in the last quarter. Binnacle Investments Inc boosted its position in British American Tobacco by 163.2% during the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after buying an additional 465 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco during the fourth quarter valued at about $42,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BTI. 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. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Finally, Citigroup reiterated a “buy” rating on shares of British American Tobacco in a 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.00.

Check Out Our Latest Report on BTI

British American Tobacco Trading Up 3.6%

Shares of NYSE BTI opened at $59.91 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $46.38 and a fifty-two week high of $67.30. The company has a 50 day simple moving average of $60.11 and a two-hundred day simple moving average of $58.99. 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 Company Profile

(Free Report)

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.

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