TD Private Client Wealth LLC Boosts Stock Position in British American Tobacco p.l.c. $BTI

TD Private Client Wealth LLC raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 12.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,432 shares of the company’s stock after purchasing an additional 13,613 shares during the quarter. TD Private Client Wealth LLC’s holdings in British American Tobacco were worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orbis Allan Gray Ltd increased its holdings in British American Tobacco by 20.7% during the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after buying an additional 2,482,737 shares during the last quarter. Bank of America Corp DE increased its stake in shares of British American Tobacco by 35.1% during the 2nd quarter. Bank of America Corp DE now owns 5,355,932 shares of the company’s stock worth $253,496,000 after purchasing an additional 1,392,799 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of British American Tobacco by 2,066.9% in the 2nd quarter. Federated Hermes Inc. now owns 3,476,001 shares of the company’s stock worth $164,519,000 after purchasing an additional 3,315,589 shares during the period. Envestnet Asset Management Inc. lifted its stake in British American Tobacco by 93.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,792,258 shares of the company’s stock valued at $132,158,000 after purchasing an additional 1,345,175 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in British American Tobacco by 85.1% during the second quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock valued at $130,515,000 after purchasing an additional 1,267,425 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.9%

Shares of British American Tobacco stock opened at $55.67 on Tuesday. The company’s 50-day moving average price is $56.21 and its 200-day moving average price is $54.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a 12-month low of $34.82 and a 12-month high of $59.29.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BTI shares. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Kepler Capital Markets assumed coverage on shares of British American Tobacco in a report on Friday, December 12th. They set a “buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Profile

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.