Dorsey Wright & Associates lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 40.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,538 shares of the company’s stock after buying an additional 10,803 shares during the period. Dorsey Wright & Associates’ holdings in British American Tobacco were worth $2,195,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital International Investors boosted its position 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 worth $3,645,500,000 after purchasing an additional 332,062 shares during the last quarter. Capital Research Global Investors increased its position in shares of British American Tobacco by 1.2% during the 4th quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock valued at $1,264,512,000 after purchasing an additional 264,511 shares during the last quarter. Orbis Allan Gray Ltd raised its stake in shares of British American Tobacco by 20.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after purchasing an additional 2,482,737 shares during the period. Capital World Investors boosted its holdings in shares of British American Tobacco by 0.5% in the 4th quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after buying an additional 47,858 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of British American Tobacco by 29.5% in the 3rd 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 during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.
British American Tobacco Price Performance
British American Tobacco stock opened at $62.89 on Friday. British American Tobacco p.l.c. has a one year low of $49.88 and a one year high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average price of $61.88 and a 200-day moving average price of $59.82.
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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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