BW Gestao de Investimentos Ltda. bought a new position in British American Tobacco p.l.c. (NYSE:BTI – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 77,948 shares of the company’s stock, valued at approximately $4,413,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC purchased a new stake in British American Tobacco in the 2nd quarter worth approximately $30,000. Cornerstone Planning Group LLC grew its stake in British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares during the period. Binnacle Investments Inc grew its stake in British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after acquiring an additional 465 shares during the period. Westside Investment Management Inc. grew its stake in British American Tobacco by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after acquiring an additional 391 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco in the 4th quarter worth approximately $42,000. 16.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on BTI. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.
British American Tobacco Stock Down 0.9%
Shares of NYSE BTI opened at $60.43 on Wednesday. British American Tobacco p.l.c. has a 52-week low of $45.48 and a 52-week high of $67.30. The firm has a fifty day moving average of $60.01 and a 200-day moving average of $58.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.
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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