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

World Investment Advisors increased its position in British American Tobacco p.l.c. (NYSE:BTI) by 90.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,309 shares of the company’s stock after purchasing an additional 12,516 shares during the period. World Investment Advisors’ holdings in British American Tobacco were worth $1,490,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Larry Mathis Financial Planning LLC purchased a new position in shares of British American Tobacco in the fourth quarter worth $455,000. Corient Private Wealth LLC boosted its position in shares of British American Tobacco by 10.3% during the fourth quarter. Corient Private Wealth LLC now owns 48,443 shares of the company’s stock valued at $2,744,000 after buying an additional 4,523 shares during the last quarter. Bayban bought a new stake in British American Tobacco in the 4th quarter worth about $240,000. Pure Financial Advisors LLC purchased a new position in British American Tobacco in the 4th quarter worth about $241,000. Finally, Rehmann Capital Advisory Group raised its position in British American Tobacco by 25.1% in the 4th quarter. Rehmann Capital Advisory Group now owns 14,512 shares of the company’s stock worth $822,000 after buying an additional 2,909 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BTI. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Trading Up 0.0%

Shares of NYSE:BTI opened at $58.91 on Friday. 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 firm’s 50 day moving average price is $60.51 and its 200-day moving average price is $59.30. British American Tobacco p.l.c. has a twelve month low of $46.38 and a twelve month high of $67.30.

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.