Natixis Advisors LLC Buys 164,798 Shares of British American Tobacco p.l.c. $BTI

Natixis Advisors LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,266,600 shares of the company’s stock after buying an additional 164,798 shares during the period. Natixis Advisors LLC owned 0.16% of British American Tobacco worth $184,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BTI. Capital World Investors increased its position in shares of British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after buying an additional 9,397,693 shares during the period. Orbis Allan Gray Ltd increased its position 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 valued at $686,473,000 after buying an additional 2,482,737 shares during the period. Capital International Investors increased its position in shares of British American Tobacco by 3.0% in the third quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after purchasing an additional 1,891,042 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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 worth $368,099,000 after purchasing an additional 1,578,860 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of British American Tobacco by 85.1% in the second quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock worth $130,515,000 after purchasing an additional 1,267,425 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Performance

NYSE:BTI opened at $61.07 on Tuesday. British American Tobacco p.l.c. has a fifty-two week low of $45.04 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The business has a 50 day moving average price of $60.01 and a 200-day moving average price of $58.89.

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.