Capital Research Global Investors Grows Stock Holdings in British American Tobacco p.l.c. $BTI

Capital Research Global Investors grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,333,402 shares of the company’s stock after acquiring an additional 264,511 shares during the period. Capital Research Global Investors owned about 1.09% of British American Tobacco worth $1,264,512,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AdvisorShares Investments LLC boosted its holdings in shares of British American Tobacco by 252.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company’s stock valued at $1,319,000 after acquiring an additional 17,798 shares during the last quarter. Capital World Investors boosted its holdings in shares of British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after acquiring an additional 9,397,693 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of British American Tobacco by 8.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,023,917 shares of the company’s stock valued at $160,510,000 after acquiring an additional 231,659 shares during the last quarter. Wealth High Governance Capital Ltda purchased a new stake in shares of British American Tobacco in the 4th quarter valued at $6,911,000. Finally, Assetmark Inc. boosted its holdings in shares of British American Tobacco by 4.3% in the 4th quarter. Assetmark Inc. now owns 557,887 shares of the company’s stock valued at $31,588,000 after acquiring an additional 23,141 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

BTI opened at $59.91 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $60.11 and a 200 day moving average price of $58.99. British American Tobacco p.l.c. has a 1 year low of $46.38 and a 1 year high of $67.30.

Analyst Ratings Changes

Several analysts have recently commented on BTI shares. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.