Inlet Private Wealth LLC Buys 1,800 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Inlet Private Wealth LLC raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,478 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. British American Tobacco accounts for about 1.4% of Inlet Private Wealth LLC’s investment portfolio, making the stock its 25th largest position. Inlet Private Wealth LLC’s holdings in British American Tobacco were worth $5,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after acquiring an additional 2,868,675 shares during the period. Natixis Advisors LLC raised its stake in British American Tobacco by 7.7% during the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares during the period. Public Employees Retirement System of Ohio purchased a new position in British American Tobacco in the 3rd quarter worth approximately $28,183,000. Bridgewater Associates LP bought a new position in British American Tobacco in the 3rd quarter worth approximately $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised 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 valued at $20,927,000 after buying an additional 554,491 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BTI. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Price Performance

British American Tobacco stock opened at $39.64 on Friday. The company’s 50-day moving average price is $37.15 and its 200-day moving average price is $36.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.85.

British American Tobacco 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.