77,948 Shares in British American Tobacco p.l.c. $BTI Purchased by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 77,948 shares of the company’s stock, valued at approximately $4,413,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BTI. AQR Capital Management LLC grew its holdings in shares of British American Tobacco by 35.2% during the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock worth $1,155,000 after buying an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC lifted its position in British American Tobacco by 42.5% in the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after purchasing an additional 2,521 shares during the period. Rhumbline Advisers lifted its position in British American Tobacco by 10.2% in the second quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after purchasing an additional 559 shares during the period. Baird Financial Group Inc. lifted its position in British American Tobacco by 58.6% in the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after purchasing an additional 5,486 shares during the period. Finally, Brown Advisory Inc. lifted its position in British American Tobacco by 5.4% in the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after purchasing an additional 816 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

BTI stock opened at $60.43 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 12-month low of $45.48 and a 12-month high of $67.30. The firm has a 50 day moving average of $60.01 and a 200-day moving average of $58.89.

Analysts Set New Price Targets

BTI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating 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 stock. According to MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

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.