Opal Capital LLC Invests $9.72 Million in British American Tobacco p.l.c. $BTI

Opal Capital LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 171,698 shares of the company’s stock, valued at approximately $9,723,000. British American Tobacco makes up about 2.4% of Opal Capital LLC’s investment portfolio, making the stock its 9th biggest position.

Several other large investors have also bought and sold shares of the business. Capital International Investors boosted its stake in British American Tobacco by 0.5% in the fourth quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock valued at $3,645,500,000 after buying an additional 332,062 shares in the last quarter. Capital Research Global Investors raised its position in shares of British American Tobacco by 1.2% during the fourth quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock worth $1,264,512,000 after acquiring an additional 264,511 shares during the last quarter. Orbis Allan Gray Ltd raised its position 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 acquiring an additional 2,482,737 shares during the last quarter. Capital World Investors raised its position in shares of British American Tobacco by 0.5% during the fourth quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after acquiring an additional 47,858 shares during the last quarter. Finally, Bank of America Corp DE raised 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 acquiring an additional 1,578,860 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BTI shares. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $61.38 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 12-month low of $46.38 and a 12-month high of $67.30. The business’s 50 day moving average is $60.51 and its 200 day moving average is $59.28.

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.