Vise Technologies Inc. Increases Stock Position in British American Tobacco p.l.c. $BTI

Vise Technologies Inc. raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 98.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,936 shares of the company’s stock after buying an additional 37,175 shares during the quarter. Vise Technologies Inc.’s holdings in British American Tobacco were worth $4,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors lifted its position in British American Tobacco by 3.0% during the third quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after buying an additional 1,891,042 shares during the period. Capital Research Global Investors raised its position in shares of British American Tobacco by 2.6% in the 3rd quarter. Capital Research Global Investors now owns 22,068,891 shares of the company’s stock worth $1,171,399,000 after purchasing an additional 559,189 shares during the last quarter. Orbis Allan Gray Ltd raised its position in shares of British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after purchasing an additional 2,482,737 shares during the last quarter. Capital World Investors raised its position in shares of British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after purchasing an additional 9,397,693 shares during the last quarter. Finally, Bank of America Corp DE raised its position in British American Tobacco by 29.5% in the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after buying an additional 1,578,860 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Price Performance

British American Tobacco stock opened at $59.91 on Friday. The business has a 50-day simple moving average of $60.11 and a two-hundred day simple moving average of $58.99. British American Tobacco p.l.c. has a 52-week low of $46.38 and a 52-week high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.