Strategic Investment Advisors MI Buys 22,195 Shares of British American Tobacco p.l.c. $BTI

Strategic Investment Advisors MI increased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 244.1% in the first quarter, Holdings Channel reports. The institutional investor owned 31,286 shares of the company’s stock after acquiring an additional 22,195 shares during the period. Strategic Investment Advisors MI’s holdings in British American Tobacco were worth $1,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors increased its position in British American Tobacco by 0.5% during the fourth quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock valued at $3,645,500,000 after acquiring an additional 332,062 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of British American Tobacco by 1.2% in the 4th quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock worth $1,264,512,000 after acquiring an additional 264,511 shares during the last quarter. Orbis Allan Gray Ltd boosted 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 stake in shares of British American Tobacco by 0.5% during the 4th quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after purchasing an additional 47,858 shares during the period. Finally, Bank of America Corp DE grew its holdings in British American Tobacco by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after purchasing 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 Stock Performance

BTI stock opened at $63.07 on Thursday. British American Tobacco p.l.c. has a 12 month low of $49.88 and a 12 month high of $67.30. The firm’s 50-day moving average is $61.36 and its 200 day moving average is $60.19. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BTI shares. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, BTIG Research started coverage on British American Tobacco in a report on Tuesday, July 21st. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Company 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.