GW Henssler & Associates Ltd. decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 382,934 shares of the company’s stock after selling 12,925 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in British American Tobacco were worth $21,682,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Capital International Investors increased its position in 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 in the last quarter. Capital Research Global Investors increased its position in British American Tobacco by 2.6% during the third quarter. Capital Research Global Investors now owns 22,068,891 shares of the company’s stock worth $1,171,399,000 after buying an additional 559,189 shares in the last quarter. Orbis Allan Gray Ltd increased its position 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 buying an additional 2,482,737 shares in the last quarter. Capital World Investors increased its position in 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 buying an additional 9,397,693 shares in the last quarter. Finally, Bank of America Corp DE increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, British American Tobacco currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.
British American Tobacco Trading Down 1.2%
BTI stock opened at $61.07 on Tuesday. British American Tobacco p.l.c. has a 52-week low of $45.04 and a 52-week high of $67.30. The stock’s fifty day simple moving average is $60.01 and its 200-day simple moving average is $58.89. 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 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.
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