Fisher Asset Management LLC Raises Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Fisher Asset Management LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 124.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,695 shares of the company's stock after acquiring an additional 19,249 shares during the quarter. Fisher Asset Management LLC's holdings in British American Tobacco were worth $1,269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC boosted its holdings in British American Tobacco by 29.9% during the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company's stock valued at $82,501,000 after acquiring an additional 614,634 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock worth $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Kize Capital LP purchased a new position in shares of British American Tobacco in the second quarter valued at approximately $10,826,000. Gateway Investment Advisers LLC increased its stake in British American Tobacco by 384.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company's stock worth $10,114,000 after buying an additional 259,509 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in British American Tobacco during the 2nd quarter worth approximately $6,153,000. Institutional investors and hedge funds own 21.44% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on BTI. Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Barclays upgraded British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th.

British American Tobacco Price Performance

Shares of British American Tobacco stock remained flat at $37.94 during trading on Friday. 2,259,034 shares of the stock traded hands, compared to its average volume of 4,720,252. The business's 50-day simple moving average is $35.92 and its 200-day simple moving average is $34.62. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54.

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.