British American Tobacco p.l.c. $BTI Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 40.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 154,024 shares of the company’s stock after acquiring an additional 44,069 shares during the quarter. Janney Montgomery Scott LLC’s holdings in British American Tobacco were worth $9,006,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital World Investors increased its holdings in 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 purchasing an additional 9,397,693 shares during the last quarter. Orbis Allan Gray Ltd lifted its stake in 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 in the last quarter. Capital International Investors boosted its position in shares of British American Tobacco by 3.0% during 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% during 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. grew its stake 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 valued at $130,515,000 after buying an additional 1,267,425 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $61.83 on Friday. British American Tobacco p.l.c. has a twelve month low of $47.54 and a twelve month high of $67.30. The stock’s fifty day simple moving average is $61.39 and its 200-day simple moving average is $59.56. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

Several research firms recently issued reports on BTI. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.