Novem Group Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Novem Group acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,984 shares of the company's stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BTI. Capital International Investors boosted its stake in shares of British American Tobacco by 17.1% during the fourth 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 position 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 valued at $566,381,000 after buying an additional 47,439 shares during the period. FMR LLC grew its holdings in British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after acquiring an additional 3,127,046 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of 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 acquiring an additional 1,196,020 shares during the period. Finally, Natixis Advisors LLC raised its stake in shares of British American Tobacco by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock valued at $109,348,000 after acquiring an additional 137,231 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 0.3%

BTI stock traded down $0.12 during midday trading on Wednesday, hitting $45.14. The stock had a trading volume of 4,361,527 shares, compared to its average volume of 4,958,974. The business has a 50-day moving average of $42.12 and a two-hundred day moving average of $39.53. 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 firm has a market cap of $93.31 billion, a price-to-earnings ratio of 9.27 and a beta of 0.32. British American Tobacco p.l.c. has a 52-week low of $30.01 and a 52-week high of $45.41.

Wall Street Analyst Weigh In

A number of research analysts have commented on BTI shares. Bank of America started coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. 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 company's stock. According to MarketBeat, the company 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.