ASO GROUP Ltd Acquires Shares of 18,908 British American Tobacco p.l.c. $BTI

ASO GROUP Ltd acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,908 shares of the company’s stock, valued at approximately $1,071,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital International Investors increased its position in British American Tobacco by 0.5% during the 4th quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock valued at $3,645,500,000 after purchasing an additional 332,062 shares during the period. Capital Research Global Investors increased 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 worth $1,264,512,000 after acquiring an additional 264,511 shares in the last quarter. Orbis Allan Gray Ltd increased its stake in shares of 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 worth $686,473,000 after acquiring an additional 2,482,737 shares in the last quarter. Capital World Investors increased its stake in shares of British American Tobacco by 0.5% in the 4th quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after acquiring an additional 47,858 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of 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 worth $368,099,000 after acquiring an additional 1,578,860 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $61.43 on Friday. The firm’s 50-day moving average price is $60.31 and its 200-day moving average price is $59.18. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 52-week low of $46.38 and a 52-week high of $67.30.

Analyst Upgrades and Downgrades

BTI has been the subject of several research reports. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research note on Monday. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.