Y Intercept Hong Kong Ltd Purchases Shares of 11,404 British American Tobacco p.l.c. $BTI

Y Intercept Hong Kong Ltd acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,404 shares of the company’s stock, valued at approximately $667,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital International Investors lifted its stake in shares of British American Tobacco by 0.5% during the 4th quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock worth $3,645,500,000 after buying an additional 332,062 shares during the last quarter. Capital Research Global Investors raised its holdings in British American Tobacco by 1.2% in the 4th quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock valued at $1,264,512,000 after acquiring an additional 264,511 shares during the period. Orbis Allan Gray Ltd raised its holdings in 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 valued at $686,473,000 after acquiring an additional 2,482,737 shares during the period. Capital World Investors lifted its position in British American Tobacco by 0.5% during the fourth quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after acquiring an additional 47,858 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of British American Tobacco by 29.5% during the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after acquiring an additional 1,578,860 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent research reports. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Trading Down 1.7%

Shares of NYSE:BTI opened at $58.97 on Tuesday. British American Tobacco p.l.c. has a 12-month low of $49.88 and a 12-month high of $67.30. The company’s 50 day moving average price is $61.73 and its two-hundred day moving average price is $59.74. 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 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.