Dynamic Technology Lab Private Ltd Purchases New Position in British American Tobacco p.l.c. $BTI

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in British American Tobacco p.l.c., purchasing 14,913 shares valued at approximately $617,000 during the first quarter.
• Institutional investors have significantly increased their holdings in British American Tobacco, with notable increases from firms like Lockheed Martin Investment Management Co. and Atria Wealth Solutions Inc..
• Analysts have mixed ratings on the stock, with Barclays maintaining an "overweight" rating while Morgan Stanley has an "underweight" rating and a price target of $40.00, reflecting the uncertainty in market outlook.

Dynamic Technology Lab Private Ltd purchased a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,913 shares of the company's stock, valued at approximately $617,000.

A number of other large investors have also recently made changes to their positions in the stock. Orbis Allan Gray Ltd boosted its holdings in shares of British American Tobacco by 20.4% in the first quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company's stock worth $497,318,000 after acquiring an additional 2,040,011 shares during the period. GQG Partners LLC boosted its holdings in shares of British American Tobacco by 59.8% in the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company's stock worth $397,089,000 after acquiring an additional 3,590,916 shares during the period. Newport Trust Company LLC boosted its holdings in shares of British American Tobacco by 1.1% in the first quarter. Newport Trust Company LLC now owns 2,774,460 shares of the company's stock worth $114,779,000 after acquiring an additional 31,205 shares during the period. Northern Trust Corp boosted its holdings in shares of British American Tobacco by 1.5% in the first quarter. Northern Trust Corp now owns 2,473,942 shares of the company's stock worth $102,347,000 after acquiring an additional 35,926 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of British American Tobacco by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 1,447,083 shares of the company's stock worth $59,866,000 after acquiring an additional 42,531 shares during the period. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BTI shares. Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective for the company in a research note on Monday, September 8th. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Jefferies Financial Group started coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Finally, Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $51.00.

British American Tobacco Price Performance

NYSE BTI traded down $0.78 during trading hours on Friday, reaching $56.53. 4,810,806 shares of the stock traded hands, compared to its average volume of 4,209,252. The stock has a 50 day simple moving average of $54.82 and a two-hundred day simple moving average of $47.37. British American Tobacco p.l.c. has a 1 year low of $34.17 and a 1 year high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The company has a market cap of $116.31 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 3.93 and a beta of 0.40.

About British American Tobacco

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.