Capital Research Global Investors Boosts Holdings in British American Tobacco p.l.c. $BTI

Capital Research Global Investors raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,333,402 shares of the company’s stock after purchasing an additional 264,511 shares during the period. Capital Research Global Investors’ holdings in British American Tobacco were worth $1,264,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital International Investors lifted its holdings in British American Tobacco by 0.5% during the fourth quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock valued at $3,645,500,000 after purchasing an additional 332,062 shares in the last quarter. Orbis Allan Gray Ltd lifted its holdings in British American Tobacco by 20.7% during the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after purchasing an additional 2,482,737 shares in the last quarter. Capital World Investors lifted its holdings in British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after purchasing an additional 9,397,693 shares in the last quarter. Bank of America Corp DE lifted its holdings in British American Tobacco by 29.5% during the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after purchasing an additional 1,578,860 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in British American Tobacco by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 3,266,600 shares of the company’s stock valued at $184,955,000 after purchasing an additional 164,798 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

British American Tobacco Price Performance

Shares of NYSE BTI opened at $59.91 on Friday. The firm has a 50-day simple moving average of $60.11 and a 200-day simple moving average of $58.99. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 52 week low of $46.38 and a 52 week 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.