Capital International Inc. CA Has $70.97 Million Stock Holdings in British American Tobacco p.l.c. $BTI

Capital International Inc. CA boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,253,448 shares of the company’s stock after purchasing an additional 117,382 shares during the quarter. Capital International Inc. CA owned about 0.06% of British American Tobacco worth $70,970,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. AlphaCore Capital LLC grew its holdings in shares of British American Tobacco by 1.6% during the fourth quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock valued at $614,000 after buying an additional 170 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of British American Tobacco by 3.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after buying an additional 181 shares during the last quarter. NewEdge Wealth LLC grew its holdings in shares of British American Tobacco by 0.3% during the fourth quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock valued at $3,323,000 after buying an additional 187 shares during the last quarter. Sage Rhino Capital LLC grew its holdings in shares of British American Tobacco by 3.2% during the fourth quarter. Sage Rhino Capital LLC now owns 7,161 shares of the company’s stock valued at $405,000 after buying an additional 219 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings in shares of British American Tobacco by 2.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock valued at $612,000 after buying an additional 222 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BTI. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Up 3.6%

British American Tobacco stock 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 firm’s 50-day simple moving average is $60.11 and its 200 day simple moving average is $58.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

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.