British American Tobacco p.l.c. $BTI Shares Purchased by World Investment Advisors

World Investment Advisors increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 90.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,309 shares of the company’s stock after purchasing an additional 12,516 shares during the quarter. World Investment Advisors’ holdings in British American Tobacco were worth $1,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BTI. Capital World Investors grew its stake in 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 worth $502,687,000 after purchasing an additional 9,397,693 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in British American Tobacco by 20.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after purchasing an additional 2,482,737 shares in the last quarter. Capital International Investors grew its stake in British American Tobacco by 3.0% during the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after purchasing an additional 1,891,042 shares in the last quarter. Bank of America Corp DE boosted its position in shares of British American Tobacco by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after acquiring an additional 1,578,860 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of British American Tobacco by 85.1% during the 2nd quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock worth $130,515,000 after acquiring an additional 1,267,425 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Price Performance

British American Tobacco stock opened at $65.15 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $41.75 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $58.85 and a 200-day simple moving average of $57.99.

Wall Street Analyst Weigh In

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