British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,262 shares of the company's stock after buying an additional 21,000 shares during the quarter. Quantinno Capital Management LP's holdings in British American Tobacco were worth $5,530,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Capital International Investors grew 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 acquiring an additional 5,673,619 shares in the last quarter. Capital Research Global Investors increased its holdings in British American Tobacco by 0.3% in the fourth 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 last quarter. FMR LLC raised its stake in British American Tobacco by 44.0% during the fourth quarter. FMR LLC now owns 10,232,402 shares of the company's stock valued at $371,641,000 after buying an additional 3,127,046 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of British American Tobacco by 24.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after acquiring an additional 1,196,020 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of British American Tobacco by 4.8% in the 4th 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. Institutional investors and hedge funds own 16.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Bank of America assumed coverage on shares of British American Tobacco in a research report 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 report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, British American Tobacco currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Stock Performance

BTI traded up $0.05 during trading on Wednesday, reaching $44.49. 6,502,491 shares of the company were exchanged, compared to its average volume of 4,930,925. British American Tobacco p.l.c. has a 52 week low of $30.01 and a 52 week high of $44.78. 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 firm has a 50 day moving average of $41.76 and a 200 day moving average of $39.20. The stock has a market cap of $91.97 billion, a P/E ratio of 9.14 and a beta of 0.32.

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.