Baillie Gifford & Co. Boosts Position in British American Tobacco PLC (BTI)

Baillie Gifford & Co. lifted its position in shares of British American Tobacco PLC (NYSE:BTI) by 8.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 137,306 shares of the company’s stock after acquiring an additional 10,349 shares during the quarter. Baillie Gifford & Co.’s holdings in British American Tobacco were worth $6,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of British American Tobacco by 5.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,828,579 shares of the company’s stock valued at $131,898,000 after acquiring an additional 156,133 shares in the last quarter. Gradient Investments LLC raised its position in shares of British American Tobacco by 22.3% during the 2nd quarter. Gradient Investments LLC now owns 38,595 shares of the company’s stock valued at $1,947,000 after acquiring an additional 7,049 shares in the last quarter. Kavar Capital Partners LLC acquired a new stake in British American Tobacco in the third quarter worth $1,763,000. Cumberland Partners Ltd increased its position in British American Tobacco by 1.7% in the second quarter. Cumberland Partners Ltd now owns 114,075 shares of the company’s stock worth $5,755,000 after buying an additional 1,948 shares during the period. Finally, Cambiar Investors LLC increased its position in British American Tobacco by 1.7% in the third quarter. Cambiar Investors LLC now owns 3,536,865 shares of the company’s stock worth $164,924,000 after buying an additional 58,775 shares during the period. 7.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BTI opened at $34.87 on Monday. British American Tobacco PLC has a 1-year low of $34.12 and a 1-year high of $71.44. The company has a current ratio of 0.81, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $74.31 billion, a price-to-earnings ratio of 9.48 and a beta of 0.96.

BTI has been the topic of several analyst reports. Jefferies Financial Group lowered British American Tobacco to a “buy” rating in a research report on Friday, August 24th. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Sanford C. Bernstein initiated coverage on British American Tobacco in a research report on Tuesday, October 16th. They issued a “market perform” rating on the stock. Royal Bank of Canada raised British American Tobacco from an “underperform” rating to a “sector perform” rating in a research report on Thursday. Finally, DZ Bank reaffirmed a “sell” rating on shares of British American Tobacco in a research report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. British American Tobacco presently has a consensus rating of “Hold” and an average price target of $73.00.

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British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco PLC (NYSE:BTI).

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

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