Capital International Inc. CA Buys 117,382 Shares of British American Tobacco p.l.c. $BTI

Capital International Inc. CA boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 10.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,253,448 shares of the company’s stock after purchasing an additional 117,382 shares during the period. Capital International Inc. CA’s holdings in British American Tobacco were worth $70,970,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. First Command Advisory Services Inc. raised its position 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 worth $25,000 after acquiring an additional 416 shares during the period. Cary Street Partners Financial LLC bought a new stake in British American Tobacco in the second quarter worth about $30,000. Cornerstone Planning Group LLC raised its position in British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares during the period. Binnacle Investments Inc raised its position in British American Tobacco by 163.2% in the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after acquiring an additional 465 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in British American Tobacco in the fourth quarter worth about $42,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $59.91 on Friday. The firm’s 50 day simple moving average is $60.11 and its 200 day simple moving average is $58.99. 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 $46.38 and a 1-year high of $67.30.

Wall Street Analysts Forecast Growth

BTI has been the topic of several research reports. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

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.