Formidable Asset Management LLC Has $634,000 Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Formidable Asset Management LLC lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 59.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,446 shares of the company's stock after selling 25,095 shares during the quarter. Formidable Asset Management LLC's holdings in British American Tobacco were worth $634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock valued at $1,411,179,000 after purchasing an additional 5,673,619 shares during the period. Capital Research Global Investors boosted its stake in shares of British American Tobacco by 0.3% during the 4th quarter. Capital Research Global Investors now owns 15,594,361 shares of the company's stock worth $566,381,000 after buying an additional 47,439 shares during the last quarter. FMR LLC grew its holdings in shares of British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock valued at $371,641,000 after acquiring an additional 3,127,046 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of British American Tobacco by 24.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after purchasing an additional 1,196,020 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings 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 buying an additional 137,231 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on BTI. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Bank of America initiated coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Stock Performance

Shares of BTI traded up $0.02 during mid-day trading on Friday, hitting $44.99. 3,737,478 shares of the company's stock were exchanged, compared to its average volume of 4,967,806. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 52 week low of $30.29 and a 52 week high of $45.41. The stock's 50-day simple moving average is $42.29 and its 200-day simple moving average is $39.64. The firm has a market cap of $92.99 billion, a price-to-earnings ratio of 9.23 and a beta of 0.32.

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.