Headlands Technologies LLC Decreases Holdings in British American Tobacco p.l.c. $BTI

Headlands Technologies LLC lowered its position in British American Tobacco p.l.c. (NYSE:BTI) by 66.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,677 shares of the company’s stock after selling 45,586 shares during the period. Headlands Technologies LLC’s holdings in British American Tobacco were worth $1,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTI. First Command Advisory Services Inc. boosted its position in British American Tobacco by 1,386.7% during the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC acquired a new position in shares of British American Tobacco during the 4th quarter worth $26,000. Cary Street Partners Financial LLC acquired a new position in shares of British American Tobacco during the 2nd quarter worth $30,000. SHP Wealth Management purchased a new stake in shares of British American Tobacco in the 4th quarter worth about $35,000. Finally, Cornerstone Planning Group LLC grew its stake in British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after acquiring an additional 346 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 1.0%

Shares of BTI opened at $55.59 on Tuesday. British American Tobacco p.l.c. has a twelve month low of $49.88 and a twelve month high of $67.30. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $59.58 and its 200 day simple moving average is $59.91.

British American Tobacco (NYSE:BTI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $2.21 by ($1.10). The business had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $16.42 billion. Equities research analysts expect that British American Tobacco p.l.c. will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on BTI. BTIG Research initiated coverage on shares of British American Tobacco in a report on Tuesday, July 21st. They set a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Royal Bank Of Canada reissued an “underperform” rating on shares of British American Tobacco in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, British American Tobacco presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

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.