Fmr LLC Acquires 2,868,675 Shares of British American Tobacco p.l.c. (NYSE:BTI)

FMR LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 67.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,105,356 shares of the company's stock after buying an additional 2,868,675 shares during the quarter. FMR LLC owned approximately 0.32% of British American Tobacco worth $259,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in British American Tobacco by 4,526.9% in the second 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 last quarter. Addison Advisors LLC increased its holdings in British American Tobacco by 79.9% in 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 last quarter. Creative Financial Designs Inc. ADV lifted its stake 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 valued at $45,000 after buying an additional 753 shares during the period. Bruce G. Allen Investments LLC grew its position 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 buying an additional 1,351 shares during the period. Finally, City State Bank increased its stake in shares of British American Tobacco by 26.6% in the 3rd quarter. City State Bank now owns 1,905 shares of the company's stock valued at $70,000 after acquiring an additional 400 shares during the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BTI. Morgan Stanley cut shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Finally, StockNews.com lowered British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.

British American Tobacco Stock Performance

BTI traded down $0.15 during trading on Monday, reaching $37.79. The company had a trading volume of 3,037,342 shares, compared to its average volume of 4,712,339. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The business's fifty day moving average price is $35.92 and its 200 day moving average price is $34.67.

British American Tobacco Company 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.