Versant Capital Management Inc Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Versant Capital Management Inc increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 930.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,737 shares of the company's stock after acquiring an additional 8,792 shares during the quarter. Versant Capital Management Inc's holdings in British American Tobacco were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital International Investors boosted its stake in British American Tobacco by 17.1% during the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after acquiring an additional 5,673,619 shares in the last quarter. Capital Research Global Investors boosted its stake in British American Tobacco by 0.3% during the fourth quarter. Capital Research Global Investors now owns 15,594,361 shares of the company's stock worth $566,381,000 after acquiring an additional 47,439 shares in the last quarter. FMR LLC boosted its stake in British American Tobacco by 44.0% during the fourth quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after acquiring an additional 3,127,046 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in British American Tobacco by 24.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after acquiring an additional 1,196,020 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in British American Tobacco by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock worth $109,348,000 after acquiring an additional 137,231 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BTI shares. Wall Street Zen upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Bank of America started coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.00.

British American Tobacco Stock Up 0.3%

Shares of BTI stock traded up $0.15 on Monday, hitting $45.35. The stock had a trading volume of 6,851,600 shares, compared to its average volume of 4,992,431. The business has a 50 day moving average of $42.38 and a 200 day moving average of $39.77. The stock has a market cap of $93.74 billion, a price-to-earnings ratio of 9.31 and a beta of 0.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 12-month low of $30.29 and a 12-month high of $45.54.

British American Tobacco 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.