Michels Family Financial LLC Takes $665,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Michels Family Financial LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,312 shares of the company's stock, valued at approximately $665,000.

A number of other hedge funds also recently bought and sold shares of the company. Capital International Investors lifted its position in British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after buying an additional 5,673,619 shares during the last quarter. Capital Research Global Investors lifted its position in British American Tobacco by 0.3% in the fourth quarter. Capital Research Global Investors now owns 15,594,361 shares of the company's stock valued at $566,381,000 after purchasing an additional 47,439 shares during the last quarter. FMR LLC lifted its position in British American Tobacco by 44.0% in the fourth quarter. FMR LLC now owns 10,232,402 shares of the company's stock valued at $371,641,000 after purchasing an additional 3,127,046 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock valued at $221,343,000 after purchasing an additional 1,196,020 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in British American Tobacco by 4.8% in the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock valued at $109,348,000 after purchasing an additional 137,231 shares during the last quarter. Institutional investors own 16.16% of the company's stock.

British American Tobacco Trading Down 0.3%

Shares of BTI traded down $0.12 during mid-day trading on Wednesday, hitting $45.14. 4,386,608 shares of the company's stock traded hands, compared to its average volume of 4,958,976. 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 1 year low of $30.01 and a 1 year high of $45.41. The firm has a market capitalization of $93.31 billion, a P/E ratio of 9.27 and a beta of 0.32. The business's 50-day moving average price is $42.12 and its 200-day moving average price is $39.53.

Analyst Ratings Changes

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

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.