276,417 Shares in British American Tobacco p.l.c. $BTI Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 276,417 shares of the company’s stock, valued at approximately $15,651,000.

A number of other large investors have also recently bought and sold shares of BTI. First Command Advisory Services Inc. boosted its holdings in British American Tobacco by 1,386.7% in the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new stake in British American Tobacco in the fourth quarter worth $26,000. Cary Street Partners Financial LLC bought a new stake in British American Tobacco in the second quarter worth $30,000. Cornerstone Planning Group LLC boosted its holdings in British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after purchasing an additional 346 shares in the last quarter. Finally, Binnacle Investments Inc boosted its holdings in British American Tobacco by 163.2% in the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after purchasing an additional 465 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $61.38 on Wednesday. The business has a 50 day moving average price of $60.51 and a 200 day moving average price of $59.28. British American Tobacco p.l.c. has a twelve month low of $46.38 and a twelve 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.

British American Tobacco Company 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.