British American Tobacco p.l.c. $BTI Shares Bought by Dymon Asia Capital Singapore PTE. LTD.

Dymon Asia Capital Singapore PTE. LTD. grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,400 shares of the company’s stock after buying an additional 9,482 shares during the quarter. Dymon Asia Capital Singapore PTE. LTD.’s holdings in British American Tobacco were worth $1,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital International Investors boosted its stake in shares of British American Tobacco by 0.5% during the 4th quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock valued at $3,645,500,000 after buying an additional 332,062 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of British American Tobacco by 1.2% during the 4th quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock valued at $1,264,512,000 after buying an additional 264,511 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake 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 valued at $686,473,000 after buying an additional 2,482,737 shares during the last quarter. Capital World Investors boosted its stake in shares of British American Tobacco by 0.5% during the 4th quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock valued at $538,935,000 after buying an additional 47,858 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake 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 valued at $368,099,000 after buying an additional 1,578,860 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 1.4%

Shares of BTI opened at $62.26 on Friday. The business’s fifty day moving average price is $60.39 and its 200 day moving average price is $59.20. British American Tobacco p.l.c. has a 12-month low of $46.38 and a 12-month high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

Analysts Set New Price Targets

BTI has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, British American Tobacco currently has an average rating of “Moderate Buy” and an average price target of $51.00.

About British American Tobacco

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.