Edmp Inc. Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Edmp Inc. bought a new position in British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,016 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds also recently made changes to their positions in BTI. FMR LLC boosted 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 acquiring an additional 2,868,675 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco in the 3rd quarter worth about $28,183,000. Bridgewater Associates LP bought a new position in shares of British American Tobacco in the 3rd quarter valued at about $27,118,000. 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. Finally, Teachers Retirement System of The State of Kentucky increased its stake in British American Tobacco by 129.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 385,920 shares of the company’s stock worth $14,117,000 after acquiring an additional 218,000 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BTI shares. Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Trading Up 1.3 %

Shares of British American Tobacco stock opened at $42.31 on Tuesday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.31. The stock’s fifty day moving average is $37.47 and its two-hundred day moving average is $36.76. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.