British American Tobacco p.l.c. $BTI Position Boosted by Northern Trust Corp

Key Points

• Northern Trust Corp increased its position in British American Tobacco by 1.5% to approximately $102.35 million, owning 2,473,942 shares as of the most recent quarter.
• Several hedge funds notably increased their stakes in British American Tobacco, with some firms boosting their positions by over 100% during the first quarter.
• British American Tobacco's stock has a consensus rating of "Moderate Buy" from analysts and a price target of $40.00, although it reported a recent 1.3% decline in share price.

Northern Trust Corp grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,473,942 shares of the company's stock after acquiring an additional 35,926 shares during the quarter. Northern Trust Corp owned about 0.12% of British American Tobacco worth $102,347,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC increased its holdings in shares of British American Tobacco by 3.7% in the 4th quarter. OneDigital Investment Advisors LLC now owns 9,191 shares of the company's stock worth $334,000 after acquiring an additional 329 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of British American Tobacco by 14.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 14,710 shares of the company's stock worth $534,000 after acquiring an additional 1,820 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of British American Tobacco in the 4th quarter worth about $329,000. Ameriprise Financial Inc. increased its holdings in shares of British American Tobacco by 108.8% in the 4th quarter. Ameriprise Financial Inc. now owns 474,111 shares of the company's stock worth $17,242,000 after acquiring an additional 247,018 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of British American Tobacco by 21.8% in the 4th quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock worth $2,979,000 after acquiring an additional 14,655 shares during the period. Institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of NYSE:BTI traded up $0.64 during trading hours on Friday, hitting $56.85. 3,810,494 shares of the company's stock traded hands, compared to its average volume of 4,623,288. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The company's fifty day simple moving average is $53.16 and its two-hundred day simple moving average is $46.18. The company has a market cap of $117.09 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 2.26 and a beta of 0.38.

Analyst Ratings Changes

A number of analysts recently weighed in on BTI shares. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Morgan Stanley reaffirmed an "underweight" rating and issued a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Finally, Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

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.