ICA Group Wealth Management LLC Boosts Stake in British American Tobacco p.l.c. (NYSE:BTI)

ICA Group Wealth Management LLC lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,875 shares of the company’s stock after purchasing an additional 435 shares during the period. ICA Group Wealth Management LLC’s holdings in British American Tobacco were worth $206,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BTI. BlackRock Inc. increased its stake in shares of British American Tobacco by 90.8% during the 1st quarter. BlackRock Inc. now owns 11,558,458 shares of the company’s stock worth $405,933,000 after purchasing an additional 5,501,775 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of British American Tobacco by 190.3% during the 1st quarter. Federated Hermes Inc. now owns 6,911,046 shares of the company’s stock worth $242,716,000 after purchasing an additional 4,530,146 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in British American Tobacco by 102.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,621,654 shares of the company’s stock valued at $97,103,000 after buying an additional 2,843,715 shares in the last quarter. Two Sigma Investments LP grew its stake in British American Tobacco by 379.3% in the 4th quarter. Two Sigma Investments LP now owns 1,942,991 shares of the company’s stock valued at $77,681,000 after buying an additional 1,537,627 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in British American Tobacco by 448.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,299,900 shares of the company’s stock valued at $51,970,000 after buying an additional 1,062,700 shares in the last quarter. Hedge funds and other institutional investors own 7.56% of the company’s stock.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $32.55 on Monday. The firm has a fifty day moving average price of $32.99 and a two-hundred day moving average price of $34.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.93 and a quick ratio of 0.58. British American Tobacco p.l.c. has a one year low of $31.62 and a one year high of $42.36.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of British American Tobacco in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Argus lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, 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.