Bessemer Group Inc. Has $1.59 Million Stock Position in British American Tobacco p.l.c. $BTI

Bessemer Group Inc. lifted its position in British American Tobacco p.l.c. (NYSE:BTI) by 1,039.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,130 shares of the company’s stock after buying an additional 24,750 shares during the period. Bessemer Group Inc.’s holdings in British American Tobacco were worth $1,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTI. First Command Advisory Services Inc. grew its stake in British American Tobacco by 1,386.7% in the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after acquiring an additional 416 shares during the period. Glen Eagle Advisors LLC acquired a new stake in shares of British American Tobacco during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC raised its position in shares of British American Tobacco by 141.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after purchasing an additional 346 shares during the period. SHP Wealth Management bought a new position in shares of British American Tobacco during the 4th quarter valued at about $35,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of British American Tobacco in the 2nd quarter valued at approximately $30,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

British American Tobacco stock opened at $62.04 on Thursday. 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 1-year low of $49.88 and a 1-year high of $67.30. The company has a fifty day simple moving average of $61.82 and a 200 day simple moving average of $59.95.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BTI shares. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Finally, BTIG Research initiated coverage on British American Tobacco in a report on Tuesday. They set a “buy” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company 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.