Capital International Investors Purchases 1,891,042 Shares of British American Tobacco p.l.c. $BTI

Capital International Investors lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,057,419 shares of the company’s stock after acquiring an additional 1,891,042 shares during the period. Capital International Investors’ holdings in British American Tobacco were worth $3,399,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BTI. AQR Capital Management LLC boosted its stake in British American Tobacco by 35.2% during the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after purchasing an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of British American Tobacco by 42.5% in the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after purchasing an additional 2,521 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of British American Tobacco by 279.2% during the second quarter. First Horizon Advisors Inc. now owns 1,475 shares of the company’s stock valued at $70,000 after purchasing an additional 1,086 shares in the last quarter. Savant Capital LLC boosted its position in shares of British American Tobacco by 15.6% during the second quarter. Savant Capital LLC now owns 13,797 shares of the company’s stock valued at $653,000 after buying an additional 1,861 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new stake in British American Tobacco in the 2nd quarter worth about $357,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BTI. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Weiss Ratings raised British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Trading Up 0.6%

NYSE BTI opened at $58.23 on Tuesday. The company has a 50-day moving average price of $59.13 and a 200-day moving average price of $56.36. British American Tobacco p.l.c. has a 52 week low of $37.96 and a 52 week high of $63.22. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be issued a dividend of $0.8349 per share. This represents a $3.34 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, December 29th.

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.