British American Tobacco p.l.c. $BTI Shares Acquired by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance Co. increased its British American Tobacco stake by 45.7% in the third quarter, adding 102,800 shares to bring its holdings to 327,595 shares, valued at about $17.8 million.
• Analyst views are mostly positive: 13 rate BTI a Buy, one a Hold, and one a Sell. MarketBeat reports a Moderate Buy consensus and an average price target of $68.10.

Factory Mutual Insurance Co. grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 45.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327,595 shares of the company's stock after buying an additional 102,800 shares during the period. Factory Mutual Insurance Co.'s holdings in British American Tobacco were worth $17,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BTI. Empowered Funds LLC grew its stake 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 acquiring an additional 186 shares in the last quarter. Renasant Bank increased its holdings in British American Tobacco by 4.8% in the 1st quarter. Renasant Bank now owns 4,152 shares of the company's stock valued at $243,000 after acquiring an additional 192 shares during the last quarter. Applied Capital LLC FL lifted its stake in 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 in the last quarter. E Wealth Partners LLC lifted its stake in British American Tobacco by 3.3% in the 1st quarter. E Wealth Partners LLC now owns 6,271 shares of the company's stock worth $367,000 after purchasing an additional 203 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in British American Tobacco by 7.5% in the 3rd quarter. Grove Bank & Trust now owns 2,978 shares of the company's stock worth $162,000 after purchasing an additional 208 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 research analysts have recently weighed in on BTI shares. SBG Securities upgraded British American Tobacco to a "buy" rating in a research report on Friday, August 7th. The Goldman Sachs Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday. Royal Bank Of Canada reiterated a "sell" rating on shares of British American Tobacco in a research report on Friday, September 11th. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of British American Tobacco in a report on Monday, August 31st. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, 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 BTI opened at $60.83 on Wednesday. The company's fifty day moving average is $56.69 and its 200 day moving average is $59.17. British American Tobacco p.l.c. has a fifty-two week low of $52.06 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84.

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.

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