CWA Asset Management Group LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 194,220 shares of the company's stock after purchasing an additional 2,569 shares during the quarter. CWA Asset Management Group LLC's holdings in British American Tobacco were worth $8,334,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of BTI. GQG Partners LLC grew its holdings in British American Tobacco by 91.3% in the first quarter. GQG Partners LLC now owns 29,035,870 shares of the company's stock worth $1,224,077,000 after purchasing an additional 13,859,376 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of British American Tobacco by 8,377.2% in the first quarter. JPMorgan Chase & Co. now owns 2,912,004 shares of the company's stock valued at $122,770,000 after buying an additional 2,877,653 shares in the last quarter. Skye Global Management LP lifted its stake in shares of British American Tobacco by 109.9% in the fourth quarter. Skye Global Management LP now owns 4,198,000 shares of the company's stock valued at $157,047,000 after buying an additional 2,198,000 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of British American Tobacco by 20.0% in the first quarter. Bank of America Corp DE now owns 7,132,011 shares of the company's stock valued at $300,686,000 after buying an additional 1,189,386 shares in the last quarter. Finally, Capital International Investors lifted its stake in shares of British American Tobacco by 12.6% in the first quarter. Capital International Investors now owns 9,449,045 shares of the company's stock valued at $400,788,000 after buying an additional 1,060,090 shares in the last quarter. 6.70% of the stock is currently owned by institutional investors and hedge funds.
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British American Tobacco Stock Down 0.9 %
Shares of BTI traded down $0.31 during trading hours on Friday, reaching $35.67. 77,557 shares of the stock traded hands, compared to its average volume of 2,672,681. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $39.88 and a 200 day simple moving average of $41.61. British American Tobacco p.l.c. has a 52 week low of $33.62 and a 52 week high of $47.24.
Analysts Set New Price Targets
A number of research firms have weighed in on BTI. Morgan Stanley raised their price objective on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a research note on Tuesday, July 5th. Barclays raised their price objective on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a research note on Tuesday, June 7th. Finally, StockNews.com lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Thursday, September 22nd.
About British American Tobacco
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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.
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