British American Tobacco p.l.c. (NYSE:BTI) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 714.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,543 shares of the company’s stock after purchasing an additional 84,689 shares during the quarter. Glenmede Trust Co. NA’s holdings in British American Tobacco were worth $3,532,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BTI. FMR LLC raised its position in shares of British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the period. Bridgewater Associates LP acquired a new position in British American Tobacco in the 3rd quarter worth about $27,118,000. Natixis Advisors LLC boosted its position in British American Tobacco by 29.9% during the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after purchasing an additional 614,634 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares during the period. Finally, Kize Capital LP purchased a new stake in shares of British American Tobacco in the second quarter valued at approximately $10,826,000. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Price Performance

NYSE BTI opened at $37.94 on Friday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The business has a fifty day moving average price of $35.92 and a 200 day moving average price of $34.65. The company has a market cap of $78.90 billion, a P/E ratio of 7.99 and a beta of 0.53.

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.