British American Tobacco p.l.c. $BTI Stock Holdings Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 2,111.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,793 shares of the company’s stock after acquiring an additional 595,589 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in British American Tobacco were worth $35,319,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BTI. Capital World Investors increased its position in shares of British American Tobacco by 12,870.7% during the 3rd 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 during the period. Orbis Allan Gray Ltd grew its holdings in shares of British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after acquiring an additional 2,482,737 shares during the last quarter. Capital International Investors boosted its position in shares of British American Tobacco by 3.0% in the third quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after buying an additional 1,891,042 shares during the period. Bank of America Corp DE boosted its position in shares of British American Tobacco by 29.5% in the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after buying an additional 1,578,860 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of British American Tobacco by 85.1% in the second quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock worth $130,515,000 after buying an additional 1,267,425 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of BTI opened at $66.43 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a one year low of $43.14 and a one year high of $67.30. The business’s 50 day simple moving average is $59.01 and its 200-day simple moving average is $58.13.

Analysts Set New Price Targets

A number of analysts recently issued reports on BTI shares. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday. Finally, Weiss Ratings lowered British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company 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.