Novem Group Invests $217,000 in British American Tobacco p.l.c. (NYSE:BTI)

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

A number of other institutional investors have also modified their holdings of the company. Capital International Investors lifted its stake 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 valued at $1,411,179,000 after acquiring an additional 5,673,619 shares during the period. FMR LLC increased 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 in the last quarter. Bank of Montreal Can increased its holdings in British American Tobacco by 2,565.4% in the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after acquiring an additional 2,001,311 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of British American Tobacco by 261.7% during the fourth quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock worth $97,388,000 after buying an additional 1,940,035 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of British American Tobacco during the fourth quarter worth $55,620,000. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BTI. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Bank of America assumed coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating for the company. Finally, UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. One 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 stock. Based on data from MarketBeat.com, British American Tobacco presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Trading Up 0.1%

BTI stock traded up $0.05 during mid-day trading on Tuesday, hitting $45.27. 5,559,028 shares of the company were exchanged, compared to its average volume of 4,961,220. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $93.58 billion, a P/E ratio of 9.30 and a beta of 0.32. The business has a fifty day simple moving average of $42.04 and a 200-day simple moving average of $39.49. British American Tobacco p.l.c. has a 12-month low of $30.01 and a 12-month high of $45.66.

British American Tobacco Company 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.