Havemeyer Place LP Acquires Shares of 10,426 British American Tobacco p.l.c. $BTI

Havemeyer Place LP bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,426 shares of the company’s stock, valued at approximately $590,000.

Several other hedge funds and other institutional investors have also modified their holdings of BTI. Capital International Investors raised its holdings in British American Tobacco by 3.0% in the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after acquiring an additional 1,891,042 shares during the period. Capital Research Global Investors grew its position in shares of British American Tobacco by 2.6% in the third quarter. Capital Research Global Investors now owns 22,068,891 shares of the company’s stock valued at $1,171,399,000 after purchasing an additional 559,189 shares during the last quarter. Orbis Allan Gray Ltd increased its stake in shares of British American Tobacco by 20.7% during the second 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 during the period. Capital World Investors increased its stake in shares of British American Tobacco by 12,870.7% during the third 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 during the period. Finally, Bank of America Corp DE lifted its holdings in 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 purchasing an additional 1,578,860 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of BTI opened at $59.80 on Tuesday. The firm has a 50 day simple moving average of $60.14 and a two-hundred day simple moving average of $59.05. 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 p.l.c. has a one year low of $46.38 and a one year high of $67.30.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BTI. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research report on Monday. Finally, Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

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.