741,344 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by Bridgewater Associates LP

Bridgewater Associates LP purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 741,344 shares of the company’s stock, valued at approximately $27,118,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Townsquare Capital LLC raised its stake in British American Tobacco by 39.4% in the third quarter. Townsquare Capital LLC now owns 19,980 shares of the company’s stock worth $731,000 after buying an additional 5,646 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of British American Tobacco by 328.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 67,374 shares of the company’s stock worth $2,465,000 after buying an additional 51,662 shares during the period. Quantbot Technologies LP bought a new position in shares of British American Tobacco in the 3rd quarter worth about $2,010,000. FMR LLC lifted its position in British American Tobacco by 67.7% during the 3rd 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. Finally, Brown Brothers Harriman & Co. boosted its stake in British American Tobacco by 197.7% during the third quarter. Brown Brothers Harriman & Co. now owns 12,613 shares of the company’s stock worth $461,000 after acquiring an additional 8,376 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BTI shares. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $37.95 on Thursday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The company has a 50 day moving average of $35.90 and a 200 day moving average of $34.55.

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.