NBC Securities Inc. Grows Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

NBC Securities Inc. boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 173,100.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,732 shares of the company’s stock after acquiring an additional 1,731 shares during the period. NBC Securities Inc.’s holdings in British American Tobacco were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTI. Capital International Investors grew its stake in British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company’s stock worth $1,411,179,000 after acquiring an additional 5,673,619 shares during the period. FMR LLC grew its stake in British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company’s stock worth $371,641,000 after acquiring an additional 3,127,046 shares during the period. Bank of Montreal Can grew its stake in British American Tobacco by 2,565.4% in the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company’s stock worth $75,521,000 after acquiring an additional 2,001,311 shares during the period. Bridgewater Associates LP grew its stake in shares of British American Tobacco by 261.7% during the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company’s stock valued at $97,388,000 after buying an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of British American Tobacco during the 4th quarter valued at $55,620,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

NYSE:BTI opened at $48.74 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $100.75 billion, a price-to-earnings ratio of 10.01 and a beta of 0.31. The firm’s fifty day simple moving average is $43.38 and its 200 day simple moving average is $40.29. British American Tobacco p.l.c. has a twelve month low of $30.33 and a twelve month high of $48.78.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Bank of America assumed coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.00.

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.