Capital International Investors Cuts Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Capital International Investors decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,968,103 shares of the company’s stock after selling 1,617,976 shares during the period. Capital International Investors owned approximately 0.89% of British American Tobacco worth $609,027,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BTI. Capital Research Global Investors lifted its holdings in shares of British American Tobacco by 38.5% in the 4th quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock valued at $448,625,000 after acquiring an additional 4,259,548 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in shares of British American Tobacco by 15.2% in the 4th quarter. Natixis Advisors L.P. now owns 2,099,969 shares of the company’s stock valued at $61,508,000 after acquiring an additional 276,890 shares during the last quarter. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of British American Tobacco by 40.1% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company’s stock valued at $40,834,000 after acquiring an additional 399,359 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of British American Tobacco by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 887,911 shares of the company’s stock valued at $26,007,000 after acquiring an additional 37,359 shares during the last quarter. Finally, Prevatt Capital Ltd bought a new position in shares of British American Tobacco in the 4th quarter valued at about $23,432,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Up 1.3 %

NYSE BTI traded up $0.44 during trading on Friday, hitting $35.17. The stock had a trading volume of 5,551,764 shares, compared to its average volume of 4,586,944. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $35.20. The stock has a 50 day simple moving average of $31.66 and a 200 day simple moving average of $30.57.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

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.