British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 34.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,365 shares of the company’s stock after acquiring an additional 31,129 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in British American Tobacco were worth $3,723,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital Research Global Investors grew its position in shares of British American Tobacco by 38.5% in the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock valued at $448,625,000 after purchasing an additional 4,259,548 shares in the last quarter. Prevatt Capital Ltd purchased a new stake in British American Tobacco in the 4th quarter valued at $23,432,000. Natixis Advisors LLC increased its stake in shares of British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after acquiring an additional 614,634 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of British American Tobacco by 384.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock valued at $10,114,000 after acquiring an additional 259,509 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of British American Tobacco by 42.5% in the first quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock valued at $22,035,000 after purchasing an additional 215,305 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Price Performance

BTI stock opened at $37.44 on Friday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $83.16 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. The business has a fifty day moving average of $36.28 and a two-hundred day moving average of $32.53.

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.