Morningstar Investment Services LLC Acquires New Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Morningstar Investment Services LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 210,332 shares of the company’s stock, valued at approximately $6,148,000.

Several other large investors also recently made changes to their positions in BTI. Capital Research Global Investors boosted its holdings in British American Tobacco by 38.5% during the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock worth $448,625,000 after purchasing an additional 4,259,548 shares during the last quarter. Prevatt Capital Ltd acquired a new stake in shares of British American Tobacco in the fourth quarter valued at about $23,432,000. Envestnet Asset Management Inc. raised its holdings in British American Tobacco by 34.0% during the third quarter. Envestnet Asset Management Inc. now owns 2,568,285 shares of the company’s stock worth $80,670,000 after acquiring an additional 650,979 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in British American Tobacco by 39.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,115,007 shares of the company’s stock valued at $66,432,000 after purchasing an additional 593,035 shares during the last quarter. Finally, Natixis Advisors L.P. grew its stake in British American Tobacco by 39.0% in the third quarter. Natixis Advisors L.P. now owns 1,823,079 shares of the company’s stock valued at $57,263,000 after purchasing an additional 511,926 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

British American Tobacco Stock Performance

NYSE:BTI opened at $30.99 on Friday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $34.28. The stock’s 50 day moving average price is $30.14 and its two-hundred day moving average price is $30.16. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91.

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.