Weaver Consulting Group Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Weaver Consulting Group lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,130 shares of the company’s stock after buying an additional 408 shares during the period. Weaver Consulting Group’s holdings in British American Tobacco were worth $404,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of British American Tobacco in the 3rd quarter valued at about $28,183,000. Bridgewater Associates LP acquired a new stake in shares of British American Tobacco in the third quarter valued at about $27,118,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. Finally, Kize Capital LP purchased a new position in British American Tobacco in the second quarter valued at about $10,826,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BTI shares. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Thursday, October 3rd. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Trading Down 0.5 %

Shares of British American Tobacco stock opened at $36.78 on Wednesday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The business has a 50 day moving average price of $36.63 and a 200 day moving average price of $35.81. The company has a market capitalization of $81.27 billion, a P/E ratio of 7.68 and a beta of 0.52.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.