British American Tobacco p.l.c. $BTI Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,835 shares of the company’s stock after purchasing an additional 38,977 shares during the quarter. BNP Paribas Financial Markets’ holdings in British American Tobacco were worth $21,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors lifted its holdings in shares of British American Tobacco by 3.0% in the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after acquiring an additional 1,891,042 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of British American Tobacco by 2.6% in the 3rd quarter. Capital Research Global Investors now owns 22,068,891 shares of the company’s stock worth $1,171,399,000 after acquiring an additional 559,189 shares during the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after acquiring an additional 2,482,737 shares during the last quarter. Capital World Investors lifted its holdings in shares of British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after acquiring an additional 9,397,693 shares during the last quarter. Finally, Bank of America Corp DE lifted 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 acquiring an additional 1,578,860 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $59.91 on Friday. British American Tobacco p.l.c. has a 52 week low of $46.38 and a 52 week high of $67.30. The company’s 50 day moving average is $60.11 and its two-hundred day moving average is $58.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

Analyst Upgrades and Downgrades

BTI has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.00.

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.