5,984 Shares in British American Tobacco p.l.c. (NYSE:BTI) Acquired by Novem Group

Novem Group purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,984 shares of the company's stock, valued at approximately $217,000.

Other institutional investors have also made changes to their positions in the company. Capital International Investors raised its holdings in British American Tobacco by 17.1% during 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 last quarter. Capital Research Global Investors raised its holdings in 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 purchasing an additional 47,439 shares during the last quarter. FMR LLC raised its holdings in British American Tobacco by 44.0% during the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after purchasing an additional 3,127,046 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in 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 raised its holdings in British American Tobacco by 4.8% during the 4th quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock worth $109,348,000 after purchasing an additional 137,231 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Trading Down 0.8%

Shares of BTI stock traded down $0.38 on Thursday, reaching $44.72. The company had a trading volume of 2,276,112 shares, compared to its average volume of 4,957,643. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a market cap of $92.43 billion, a PE ratio of 9.18 and a beta of 0.32. The company has a 50-day moving average of $42.21 and a 200-day moving average of $39.57. British American Tobacco p.l.c. has a 12 month low of $30.01 and a 12 month high of $45.41.

Analysts Set New Price Targets

Several brokerages have weighed in on BTI. Bank of America assumed coverage on British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating for the company. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.