Capital World Investors Acquires 47,858 Shares of British American Tobacco p.l.c. $BTI

Capital World Investors boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,518,567 shares of the company’s stock after acquiring an additional 47,858 shares during the quarter. Capital World Investors owned 0.47% of British American Tobacco worth $538,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaCore Capital LLC lifted its holdings in shares of British American Tobacco by 1.6% during the 4th 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 period. Coldstream Capital Management Inc. lifted its holdings in shares of British American Tobacco by 3.8% during the 4th 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 period. NewEdge Wealth LLC lifted its holdings in shares of British American Tobacco by 0.3% during the 4th 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 period. Sage Rhino Capital LLC lifted its holdings in shares of British American Tobacco by 3.2% during the 4th 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 period. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in shares of British American Tobacco by 2.0% during the 3rd 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 period. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $59.91 on Monday. British American Tobacco p.l.c. has a 1 year low of $46.38 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The firm has a fifty day moving average price of $60.11 and a 200-day moving average price of $59.02.

Analyst Ratings Changes

Several research firms have recently weighed in on BTI. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Finally, Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

About British American Tobacco

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.