Waverton Investment Management Ltd grew its stake in British American Tobacco PLC (NYSE:BTI) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 448,712 shares of the company’s stock after acquiring an additional 2,627 shares during the period. British American Tobacco accounts for about 1.8% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 20th biggest position. Waverton Investment Management Ltd’s holdings in British American Tobacco were worth $30,059,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake in British American Tobacco by 14.7% in the second quarter. FMR LLC now owns 27,727,365 shares of the company’s stock valued at $1,900,434,000 after purchasing an additional 3,557,549 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of British American Tobacco by 16.3% in the second quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock valued at $1,064,590,000 after buying an additional 2,181,462 shares during the period. Bank of New York Mellon Corp boosted its holdings in British American Tobacco by 1,509.0% during the third quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock worth $501,659,000 after purchasing an additional 7,533,669 shares during the last quarter. Evercore Trust Company N.A. acquired a new position in British American Tobacco during the third quarter worth $331,037,000. Finally, Thornburg Investment Management Inc. acquired a new position in British American Tobacco during the third quarter worth $183,498,000. 8.69% of the stock is owned by institutional investors.
British American Tobacco PLC (NYSE BTI) traded up $0.22 on Wednesday, hitting $69.35. 1,082,839 shares of the stock were exchanged, compared to its average volume of 1,468,380. British American Tobacco PLC has a one year low of $56.38 and a one year high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91. The firm has a market cap of $160,140.00, a P/E ratio of 22.16, a P/E/G ratio of 1.74 and a beta of 1.01.
Several brokerages recently commented on BTI. Zacks Investment Research cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the stock a “buy” rating in a research report on Saturday, November 18th. Goldman Sachs Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Finally, Cowen raised shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $77.33.
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British American Tobacco Company Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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