Daiwa Securities Group Inc. Increases Position in British American Tobacco p.l.c. $BTI

Daiwa Securities Group Inc. boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 13.5% in the 4th quarter, Holdings Channel reports. The fund owned 96,343 shares of the company’s stock after acquiring an additional 11,427 shares during the quarter. Daiwa Securities Group Inc.’s holdings in British American Tobacco were worth $5,455,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cary Street Partners Financial LLC purchased a new stake in British American Tobacco during the 2nd quarter valued at about $30,000. Cornerstone Planning Group LLC grew its stake in shares of British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after buying an additional 346 shares during the period. Binnacle Investments Inc grew its stake in shares of British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after buying an additional 465 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of British American Tobacco in the 4th quarter valued at approximately $42,000. Finally, Triumph Capital Management purchased a new stake in shares of British American Tobacco in the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Stock Up 0.3%

British American Tobacco stock opened at $59.91 on Monday. British American Tobacco p.l.c. has a 52-week low of $46.38 and a 52-week high of $67.30. 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 company’s 50 day moving average is $60.11 and its two-hundred day moving average is $59.02.

British American Tobacco 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.