World Investment Advisors Buys 12,516 Shares of British American Tobacco p.l.c. $BTI

World Investment Advisors lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 90.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,309 shares of the company’s stock after buying an additional 12,516 shares during the quarter. World Investment Advisors’ holdings in British American Tobacco were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BTI. Capital International Investors grew its holdings in shares of British American Tobacco by 0.5% during the 4th quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock worth $3,645,500,000 after acquiring an additional 332,062 shares during the period. Capital Research Global Investors lifted its stake in shares of British American Tobacco by 1.2% in the 4th quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock valued at $1,264,512,000 after purchasing an additional 264,511 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of British American Tobacco by 20.7% during the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after purchasing an additional 2,482,737 shares in the last quarter. Capital World Investors grew its stake in British American Tobacco by 0.5% in the fourth quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after purchasing an additional 47,858 shares during the period. Finally, Bank of America Corp DE grew its stake in British American Tobacco by 29.5% in the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after purchasing an additional 1,578,860 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on BTI shares. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Price Performance

NYSE BTI opened at $58.91 on Friday. British American Tobacco p.l.c. has a 12 month low of $46.38 and a 12 month 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 stock’s fifty day moving average price is $60.51 and its 200-day moving average price is $59.30.

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.