Marshall Wace LLP Raises Stake in British American Tobacco PLC (BTI)

Marshall Wace LLP raised its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 28.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 527,169 shares of the company’s stock after acquiring an additional 117,937 shares during the quarter. Marshall Wace LLP’s holdings in British American Tobacco were worth $24,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Girard Partners LTD. bought a new position in shares of British American Tobacco in the third quarter valued at $126,000. Bessemer Group Inc. grew its stake in shares of British American Tobacco by 111.0% in the third quarter. Bessemer Group Inc. now owns 2,751 shares of the company’s stock valued at $129,000 after buying an additional 1,447 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of British American Tobacco in the second quarter valued at $130,000. Parallel Advisors LLC grew its stake in shares of British American Tobacco by 84.5% in the third quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock valued at $146,000 after buying an additional 1,435 shares in the last quarter. Finally, Vectors Research Management LLC bought a new position in shares of British American Tobacco in the third quarter valued at $156,000. 7.36% of the stock is owned by institutional investors.

Several research firms recently weighed in on BTI. DZ Bank reissued a “sell” rating on shares of British American Tobacco in a research note on Thursday, October 18th. Sanford C. Bernstein began coverage on shares of British American Tobacco in a research note on Tuesday, October 16th. They issued a “market perform” rating for the company. Royal Bank of Canada raised shares of British American Tobacco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, November 29th. Zacks Investment Research raised shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, UBS Group downgraded British American Tobacco from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. British American Tobacco presently has a consensus rating of “Hold” and an average target price of $73.00.

Shares of British American Tobacco stock opened at $33.70 on Friday. British American Tobacco PLC has a 1 year low of $33.53 and a 1 year high of $71.44. The firm has a market cap of $73.71 billion, a price-to-earnings ratio of 9.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41.

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About British American Tobacco

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

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