49,082 British American Tobacco p.l.c. $BTI Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 59.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,754 shares of the company’s stock after buying an additional 49,082 shares during the period. Phoenix Financial Ltd.’s holdings in British American Tobacco were worth $7,177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in British American Tobacco by 34.4% during the 1st quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock worth $569,313,000 after acquiring an additional 2,494,576 shares during the period. Royal Bank of Canada lifted its stake in shares of British American Tobacco by 18.1% in the 1st quarter. Royal Bank of Canada now owns 2,413,551 shares of the company’s stock valued at $141,120,000 after purchasing an additional 369,993 shares during the period. WCM Investment Management LLC lifted its stake in shares of British American Tobacco by 3,899.7% in the 1st quarter. WCM Investment Management LLC now owns 2,362,818 shares of the company’s stock valued at $137,658,000 after purchasing an additional 2,303,743 shares during the period. Maple Rock Capital Partners Inc. boosted its position in shares of British American Tobacco by 36.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,166,000 shares of the company’s stock worth $133,772,000 after purchasing an additional 576,900 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of British American Tobacco by 75.3% in the 1st quarter. Sei Investments Co. now owns 1,303,646 shares of the company’s stock worth $76,223,000 after purchasing an additional 559,858 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Up 1.4%

Shares of BTI stock traded up $0.84 on Friday, hitting $61.88. The stock had a trading volume of 3,728,767 shares, compared to its average volume of 5,454,717. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50. British American Tobacco p.l.c. has a twelve month low of $52.06 and a twelve month high of $67.30. The company has a fifty day moving average price of $57.53 and a two-hundred day moving average price of $59.30.

Analysts Set New Price Targets

A number of research firms recently commented on BTI. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. SBG Securities raised British American Tobacco to a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada restated a “sell” rating on shares of British American Tobacco in a report on Friday, September 11th. Jefferies Financial Group restated a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 30th. Finally, Morningstar raised British American Tobacco to a “buy” rating in a research note on Thursday, September 10th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus price target of $68.10.

British American Tobacco Company Profile

British American Tobacco p.l.c. is a multinational tobacco and nicotine company headquartered in London. Its business includes the manufacture and sale of cigarettes, other tobacco products and newer nicotine products. Its portfolio includes cigarette brands such as Dunhill, Lucky Strike and Pall Mall, as well as vaping, heated-tobacco and oral nicotine products sold under brands including Vuse, glo and Velo. The company serves markets around the world, with operations spanning the Americas, Europe, Africa, the Middle East and Asia-Pacific.