British American Tobacco p.l.c. $BTI Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 40.1% during the 1st quarter, Holdings Channel reports. The fund owned 154,024 shares of the company’s stock after acquiring an additional 44,069 shares during the quarter. Janney Montgomery Scott LLC’s holdings in British American Tobacco were worth $9,006,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of British American Tobacco by 0.5% in the 4th quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock valued at $3,645,500,000 after purchasing an additional 332,062 shares during the last quarter. Capital Research Global Investors grew its stake in shares of British American Tobacco by 1.2% during the fourth quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock worth $1,264,512,000 after purchasing an additional 264,511 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in shares of British American Tobacco by 20.7% during the second 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 in the last quarter. Capital World Investors increased its holdings in British American Tobacco by 0.5% in the fourth quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock valued at $538,935,000 after buying an additional 47,858 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in British American Tobacco by 29.5% in the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after buying an additional 1,578,860 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Up 0.1%

Shares of BTI opened at $61.83 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 1-year low of $47.54 and a 1-year high of $67.30. The firm has a fifty day moving average price of $61.39 and a 200 day moving average price of $59.56.

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.