British American Tobacco p.l.c. $BTI Position Raised by Dymon Asia Capital Singapore PTE. LTD.

Dymon Asia Capital Singapore PTE. LTD. raised its stake in British American Tobacco p.l.c. (NYSE:BTI) by 41.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,400 shares of the company’s stock after buying an additional 9,482 shares during the quarter. Dymon Asia Capital Singapore PTE. LTD.’s holdings in British American Tobacco were worth $1,834,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of British American Tobacco by 35.2% during the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after purchasing an additional 7,270 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of British American Tobacco by 42.5% during the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after purchasing an additional 2,521 shares during the period. Rhumbline Advisers increased its holdings in shares of British American Tobacco by 10.2% during the second quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after purchasing an additional 559 shares during the period. Baird Financial Group Inc. increased its holdings in shares of British American Tobacco by 58.6% during the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after purchasing an additional 5,486 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of British American Tobacco by 5.4% during the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after purchasing an additional 816 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

NYSE:BTI opened at $62.26 on Friday. The business’s 50-day moving average price is $60.39 and its 200 day moving average price is $59.20. British American Tobacco p.l.c. has a 52-week low of $46.38 and a 52-week high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.