Dimensional Fund Advisors LP raised its position in British American Tobacco PLC (NYSEMKT:BTI) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 363,793 shares of the company’s stock after buying an additional 11,460 shares during the period. Dimensional Fund Advisors LP’s holdings in British American Tobacco PLC were worth $40,989,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in British American Tobacco PLC by 432.4% in the fourth quarter. Private Advisor Group LLC now owns 13,261 shares of the company’s stock worth $1,517,000 after buying an additional 10,770 shares during the last quarter. State Street Corp boosted its position in British American Tobacco PLC by 1.1% in the fourth quarter. State Street Corp now owns 3,794 shares of the company’s stock worth $428,000 after buying an additional 40 shares during the last quarter. Comerica Bank boosted its position in British American Tobacco PLC by 11.7% in the fourth quarter. Comerica Bank now owns 54,650 shares of the company’s stock worth $6,296,000 after buying an additional 5,742 shares during the last quarter. Cadence Bank NA boosted its position in British American Tobacco PLC by 5.6% in the fourth quarter. Cadence Bank NA now owns 2,292 shares of the company’s stock worth $258,000 after buying an additional 121 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new position in British American Tobacco PLC during the fourth quarter worth about $213,000.
British American Tobacco PLC (NYSEMKT:BTI) traded down 0.55% during midday trading on Friday, reaching $66.77. 1,347,059 shares of the company traded hands. The stock has a market capitalization of $124.14 billion and a P/E ratio of 21.49. The company has a 50 day moving average price of $65.24 and a 200-day moving average price of $97.91. British American Tobacco PLC has a one year low of $61.32 and a one year high of $131.34.
A number of equities research analysts have recently weighed in on BTI shares. Zacks Investment Research raised shares of British American Tobacco PLC from a “sell” rating to a “hold” rating in a research note on Monday, December 26th. Royal Bank of Canada raised shares of British American Tobacco PLC from an “underperform” rating to a “sector perform” rating in a research note on Friday, January 6th. Berenberg Bank raised shares of British American Tobacco PLC from a “hold” rating to a “buy” rating in a research note on Friday, February 10th. Finally, Argus raised shares of British American Tobacco PLC from a “hold” rating to a “buy” rating in a research note on Monday, March 6th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $72.00.
About British American Tobacco PLC
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
