Michels Family Financial LLC Acquires Shares of 18,312 British American Tobacco p.l.c. (NYSE:BTI)

Michels Family Financial LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,312 shares of the company's stock, valued at approximately $665,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors increased its stake 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 purchasing an additional 5,673,619 shares during the period. FMR LLC lifted its holdings 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 acquiring an additional 3,127,046 shares during the period. Bank of Montreal Can raised its stake in shares of British American Tobacco by 2,565.4% in the fourth quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after buying an additional 2,001,311 shares during the period. Bridgewater Associates LP raised its stake in British American Tobacco by 261.7% during the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock valued at $97,388,000 after purchasing an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in British American Tobacco during the 4th quarter valued at approximately $55,620,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Down 0.4%

Shares of NYSE BTI traded down $0.20 during mid-day trading on Thursday, hitting $44.90. The company had a trading volume of 2,721,401 shares, compared to its average volume of 4,959,178. British American Tobacco p.l.c. has a 1-year low of $30.01 and a 1-year high of $45.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market capitalization of $92.80 billion, a PE ratio of 9.22 and a beta of 0.32. The business's 50-day simple moving average is $42.21 and its 200 day simple moving average is $39.57.

Analyst Ratings Changes

A number of brokerages recently issued reports on BTI. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Bank of America assumed coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating on the stock. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

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.