British American Tobacco p.l.c. $BTI Position Increased by Capital International Sarl

Capital International Sarl raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 36.0% in the 4th quarter, Holdings Channel reports. The firm owned 58,815 shares of the company’s stock after purchasing an additional 15,566 shares during the quarter. Capital International Sarl’s holdings in British American Tobacco were worth $3,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in British American Tobacco by 35.2% in the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after buying an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in British American Tobacco by 42.5% in the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after buying an additional 2,521 shares during the last quarter. Rhumbline Advisers lifted its stake in British American Tobacco by 10.2% in the second quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after buying an additional 559 shares during the last quarter. Baird Financial Group Inc. lifted its stake in British American Tobacco by 58.6% in the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after buying an additional 5,486 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in British American Tobacco by 5.4% in the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after buying an additional 816 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

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

British American Tobacco Stock Performance

BTI stock opened at $59.91 on Monday. The company has a 50-day simple moving average of $60.11 and a 200 day simple moving average of $59.02. British American Tobacco p.l.c. has a fifty-two week low of $46.38 and a fifty-two week high of $67.30. 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 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.