Bridgewater Associates LP Acquires New Stake in British American Tobacco p.l.c. (NYSE:BTI)

Bridgewater Associates LP purchased a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 741,344 shares of the company's stock, valued at approximately $27,118,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. grew its position in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company's stock valued at $37,000 after acquiring an additional 1,177 shares during the period. Addison Advisors LLC grew its holdings in British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock valued at $38,000 after purchasing an additional 545 shares during the period. Creative Financial Designs Inc. ADV increased its position in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock worth $45,000 after buying an additional 753 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of British American Tobacco in the first quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of British American Tobacco by 320.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company's stock worth $65,000 after acquiring an additional 1,351 shares during the period. Institutional investors own 21.44% of the company's stock.

British American Tobacco Trading Up 0.6 %

BTI stock traded up $0.23 during mid-day trading on Thursday, reaching $37.94. 2,257,969 shares of the company traded hands, compared to its average volume of 4,730,952. The company has a fifty day moving average price of $35.91 and a 200-day moving average price of $34.57. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent research reports. Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd. StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Barclays upgraded shares of British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th.

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.