Fmr LLC Has $1.50 Billion Position in British American Tobacco PLC (BTI)

Fmr LLC cut its stake in shares of British American Tobacco PLC (NYSE:BTI) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,095,177 shares of the company’s stock after selling 671,488 shares during the quarter. Fmr LLC owned 1.51% of British American Tobacco worth $1,496,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BTI. Girard Partners LTD. purchased a new stake in British American Tobacco during the 3rd quarter valued at about $126,000. Bessemer Group Inc. boosted its holdings in British American Tobacco by 111.0% during the 3rd quarter. Bessemer Group Inc. now owns 2,751 shares of the company’s stock valued at $129,000 after acquiring an additional 1,447 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in British American Tobacco during the 2nd quarter valued at about $130,000. NuWave Investment Management LLC purchased a new stake in British American Tobacco during the 2nd quarter valued at about $143,000. Finally, Parallel Advisors LLC boosted its holdings in British American Tobacco by 84.5% during the 3rd quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock valued at $146,000 after acquiring an additional 1,435 shares during the period. Institutional investors own 7.54% of the company’s stock.

Several brokerages recently weighed in on BTI. Jefferies Financial Group cut British American Tobacco to a “buy” rating in a report on Friday, August 24th. Royal Bank of Canada cut British American Tobacco to an “underperform” rating in a report on Monday, September 3rd. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Sanford C. Bernstein initiated coverage on British American Tobacco in a report on Tuesday, October 16th. They set a “market perform” rating for the company. Finally, DZ Bank reaffirmed a “sell” rating on shares of British American Tobacco in a research report on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $73.00.

BTI opened at $34.59 on Friday. The company has a market cap of $73.71 billion, a price-to-earnings ratio of 9.40 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. British American Tobacco PLC has a one year low of $34.12 and a one year high of $71.44.

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British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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