25,640 Shares in British American Tobacco p.l.c. (BTI) Purchased by Investec Asset Management LTD

Investec Asset Management LTD acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,640 shares of the company’s stock, valued at approximately $1,601,000.

Other hedge funds have also recently made changes to their positions in the company. Delta Asset Management LLC TN increased its position in British American Tobacco by 908.6% in the third quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after purchasing an additional 1,472 shares during the period. D. Scott Neal Inc. acquired a new stake in British American Tobacco in the third quarter worth about $106,000. Manchester Capital Management LLC acquired a new position in shares of British American Tobacco during the 3rd quarter worth about $113,000. Alpha Omega Wealth Management LLC acquired a new position in shares of British American Tobacco during the 3rd quarter worth about $114,000. Finally, FTB Advisors Inc. grew its position in shares of British American Tobacco by 10.7% during the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 9.31% of the company’s stock.

British American Tobacco p.l.c. (BTI) opened at $64.74 on Friday. British American Tobacco p.l.c. has a 12-month low of $54.54 and a 12-month high of $73.41. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87.

Several research firms have recently issued reports on BTI. Jefferies Group set a $78.00 target price on British American Tobacco and gave the stock a “buy” rating in a research report on Saturday, November 18th. Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, BidaskClub lowered British American Tobacco from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $71.25.

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About British American Tobacco

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).

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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