Factory Mutual Insurance Co. Buys 102,800 Shares of British American Tobacco p.l.c. $BTI

Factory Mutual Insurance Co. boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 45.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 327,595 shares of the company’s stock after purchasing an additional 102,800 shares during the period. Factory Mutual Insurance Co.’s holdings in British American Tobacco were worth $17,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BTI. Empowered Funds LLC raised its position in British American Tobacco by 3.1% during the first quarter. Empowered Funds LLC now owns 6,184 shares of the company’s stock valued at $362,000 after purchasing an additional 186 shares during the period. Renasant Bank boosted its holdings in shares of British American Tobacco by 4.8% in the 1st quarter. Renasant Bank now owns 4,152 shares of the company’s stock worth $243,000 after purchasing an additional 192 shares during the period. Applied Capital LLC FL boosted its holdings in shares of British American Tobacco by 0.8% in the 3rd quarter. Applied Capital LLC FL now owns 23,598 shares of the company’s stock worth $1,284,000 after purchasing an additional 192 shares during the period. E Wealth Partners LLC increased its position in shares of British American Tobacco by 3.3% during the 1st quarter. E Wealth Partners LLC now owns 6,271 shares of the company’s stock valued at $367,000 after purchasing an additional 203 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of British American Tobacco by 7.5% during the 3rd quarter. Grove Bank & Trust now owns 2,978 shares of the company’s stock valued at $162,000 after purchasing an additional 208 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, October 1st. BTIG Research initiated coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They set a “buy” rating on the stock. Finally, Morningstar raised shares of British American Tobacco to a “buy” rating in a research note on Thursday, September 10th. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average target price of $68.10.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $60.83 on Wednesday. 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 1 year low of $52.06 and a 1 year high of $67.30. The firm has a 50-day simple moving average of $56.69 and a two-hundred day simple moving average of $59.17.

British American Tobacco Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.