17,595 Shares in British American Tobacco p.l.c. $BTI Purchased by Hilton Head Capital Partners LLC

Hilton Head Capital Partners LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 17,595 shares of the company’s stock, valued at approximately $996,000.

A number of other hedge funds have also made changes to their positions in BTI. Capital World Investors increased its position in shares of British American Tobacco by 12,870.7% during the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after purchasing an additional 9,397,693 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of British American Tobacco by 20.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after purchasing an additional 2,482,737 shares in the last quarter. Capital International Investors increased its position in shares of British American Tobacco by 3.0% during the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after purchasing an additional 1,891,042 shares in the last quarter. Bank of America Corp DE increased its position in shares of British American Tobacco by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after purchasing an additional 1,578,860 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of British American Tobacco by 85.1% during the 2nd quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock worth $130,515,000 after purchasing an additional 1,267,425 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI opened at $59.91 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a 1-year low of $46.38 and a 1-year high of $67.30. The firm has a 50-day moving average price of $60.11 and a two-hundred day moving average price of $59.02.

Analysts Set New Price Targets

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