World Investment Advisors raised its holdings in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 90.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in British American Tobacco in the third quarter valued at $1,612,000. Lockheed Martin Investment Management Co. raised its holdings in shares of British American Tobacco by 44.3% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 421,800 shares of the company’s stock valued at $22,389,000 after buying an additional 129,500 shares during the period. Truist Financial Corp raised its holdings in shares of British American Tobacco by 6.0% in the 3rd quarter. Truist Financial Corp now owns 427,284 shares of the company’s stock valued at $22,680,000 after buying an additional 24,114 shares during the period. AdvisorShares Investments LLC raised its holdings in shares of British American Tobacco by 252.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company’s stock valued at $1,319,000 after buying an additional 17,798 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of British American Tobacco by 8.7% in the 3rd quarter. Federated Hermes Inc. now owns 3,779,137 shares of the company’s stock valued at $200,597,000 after buying an additional 303,136 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on BTI shares. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a report on Thursday. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Seven analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.00.
British American Tobacco Stock Performance
BTI stock opened at $65.15 on Friday. British American Tobacco p.l.c. has a 12-month low of $41.75 and a 12-month high of $67.30. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $58.85 and its 200 day moving average price is $57.99.
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.
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