British American Tobacco p.l.c. $BTI Stake Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 21.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,652 shares of the company’s stock after purchasing an additional 20,584 shares during the period. TD Waterhouse Canada Inc.’s holdings in British American Tobacco were worth $6,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. QRG Capital Management Inc. grew its position in shares of British American Tobacco by 11.2% during the second quarter. QRG Capital Management Inc. now owns 224,848 shares of the company’s stock worth $13,887,000 after buying an additional 22,587 shares in the last quarter. Bessemer Group Inc. raised its holdings in British American Tobacco by 1,039.9% in the first quarter. Bessemer Group Inc. now owns 27,130 shares of the company’s stock valued at $1,586,000 after acquiring an additional 24,750 shares in the last quarter. Quantinno Capital Management LP raised its holdings in British American Tobacco by 11.9% in the first quarter. Quantinno Capital Management LP now owns 398,397 shares of the company’s stock valued at $23,294,000 after acquiring an additional 42,336 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in British American Tobacco in the third quarter valued at $1,134,000. Finally, Wellington Management Group LLP lifted its position in shares of British American Tobacco by 34.7% during the second quarter. Wellington Management Group LLP now owns 307,311 shares of the company’s stock worth $18,980,000 after purchasing an additional 79,084 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BTI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. Jefferies Financial Group reiterated a “buy” rating on shares of British American Tobacco in a report on Wednesday, September 30th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Royal Bank Of Canada reissued a “sell” rating on shares of British American Tobacco in a research report on Friday, September 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, October 1st. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and a consensus price target of $68.10.

British American Tobacco Stock Performance

NYSE:BTI opened at $58.55 on Tuesday. British American Tobacco p.l.c. has a 12-month low of $49.88 and a 12-month high of $67.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84. The business has a 50 day simple moving average of $55.83 and a 200 day simple moving average of $58.87.

British American Tobacco (NYSE:BTI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The company had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $16.42 billion. On average, equities analysts anticipate that British American Tobacco p.l.c. will post 4.81 earnings per share for the current year.

British American Tobacco Company Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.