Wilmington Savings Fund Society FSB Invests $260,000 in British American Tobacco p.l.c. (NYSE:BTI)

Wilmington Savings Fund Society FSB acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, HoldingsChannel reports. The institutional investor acquired 7,106 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors have also recently made changes to their positions in BTI. FMR LLC grew its position in shares of British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco in the 3rd quarter worth approximately $28,183,000. Bridgewater Associates LP bought a new stake in shares of British American Tobacco in the 3rd quarter worth approximately $27,118,000. Natixis Advisors LLC lifted its stake in shares of British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after purchasing an additional 614,634 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BTI shares. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd.

British American Tobacco Stock Down 0.9 %

Shares of NYSE:BTI opened at $37.31 on Wednesday. The stock has a fifty day simple moving average of $36.17 and a two-hundred day simple moving average of $35.23. The stock has a market capitalization of $77.58 billion, a price-to-earnings ratio of 7.79 and a beta of 0.53. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.