MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 31,722 Shares of British American Tobacco p.l.c. (NYSE:BTI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 337,799 shares of the company's stock after acquiring an additional 31,722 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in British American Tobacco were worth $12,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BTI. Capital International Investors increased its stake in shares of British American Tobacco by 17.1% in the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company's stock valued at $1,411,179,000 after buying an additional 5,673,619 shares during the period. FMR LLC increased its position in British American Tobacco by 44.0% during the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock valued at $371,641,000 after purchasing an additional 3,127,046 shares during the period. Bank of Montreal Can increased its position in British American Tobacco by 2,565.4% during the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock valued at $75,521,000 after purchasing an additional 2,001,311 shares during the period. Bridgewater Associates LP increased its position in British American Tobacco by 261.7% during the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock valued at $97,388,000 after purchasing an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in British American Tobacco during the 4th quarter valued at approximately $55,620,000. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 2.0%

Shares of BTI traded up $0.86 during trading hours on Tuesday, reaching $44.44. The stock had a trading volume of 7,041,049 shares, compared to its average volume of 4,916,930. British American Tobacco p.l.c. has a 12 month low of $30.01 and a 12 month high of $44.78. The firm has a 50-day simple moving average of $41.70 and a 200 day simple moving average of $39.16. 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 company has a market capitalization of $91.86 billion, a price-to-earnings ratio of 9.13 and a beta of 0.32.

Analyst Ratings Changes

A number of analysts have weighed in on BTI shares. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Finally, Bank of America started coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. One investment 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.