Arlington Partners LLC Grows Stake in British American Tobacco p.l.c. (NYSE:BTI)

Arlington Partners LLC grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,492 shares of the company’s stock after purchasing an additional 4,610 shares during the period. British American Tobacco makes up 1.7% of Arlington Partners LLC’s portfolio, making the stock its 16th biggest holding. Arlington Partners LLC’s holdings in British American Tobacco were worth $4,376,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in shares of British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC grew its position in shares of British American Tobacco by 7.7% during the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of British American Tobacco during the 3rd quarter valued at $28,183,000. Bridgewater Associates LP purchased a new position in British American Tobacco in the third quarter worth $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position 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 worth $20,927,000 after acquiring an additional 554,491 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

British American Tobacco stock opened at $41.76 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The firm has a fifty day simple moving average of $37.47 and a two-hundred day simple moving average of $36.74. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $41.79.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

About British American Tobacco

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.