Nomura Holdings Inc. Purchases New Shares in British American Tobacco p.l.c. $BTI

Nomura Holdings Inc. acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 130,300 shares of the company’s stock, valued at approximately $6,167,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC grew its stake in shares of British American Tobacco by 2.5% in the second quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock valued at $410,000 after acquiring an additional 208 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of British American Tobacco by 1.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock worth $915,000 after purchasing an additional 223 shares in the last quarter. Mission Wealth Management LP raised its position in shares of British American Tobacco by 2.1% in the second quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after buying an additional 226 shares in the last quarter. Michels Family Financial LLC boosted its stake in shares of British American Tobacco by 1.3% in the second quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock valued at $898,000 after buying an additional 249 shares during the period. Finally, ICONIQ Capital LLC grew its position in British American Tobacco by 2.1% during the second quarter. ICONIQ Capital LLC now owns 12,681 shares of the company’s stock worth $600,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BTI. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Monday, September 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Kepler Capital Markets initiated coverage on shares of British American Tobacco in a research report on Friday. They set a “buy” rating for the company. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, British American Tobacco currently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

BTI stock opened at $57.70 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company has a 50 day simple moving average of $54.33 and a 200 day simple moving average of $53.21. British American Tobacco p.l.c. has a 1 year low of $34.82 and a 1 year high of $59.29.

British American Tobacco Company 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.