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

Capital International Investors lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 owned approximately 3.15% of British American Tobacco worth $3,645,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BTI. Capital World Investors increased its position in British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after buying an additional 9,397,693 shares in the last quarter. Orbis Allan Gray Ltd increased its position in British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after buying an additional 2,482,737 shares in the last quarter. Bank of America Corp DE increased its position in British American Tobacco by 29.5% in the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after buying an additional 1,578,860 shares in the last quarter. Raymond James Financial Inc. increased its position in British American Tobacco by 85.1% in the 2nd quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock valued at $130,515,000 after buying an additional 1,267,425 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in British American Tobacco during the 3rd quarter valued at about $47,852,000. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

BTI has been the subject of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Trading Up 3.6%

British American Tobacco stock opened at $59.91 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 current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $60.11 and its 200 day simple moving average is $58.99.

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.