May Hill Capital LLC Purchases 10,474 Shares of British American Tobacco p.l.c. $BTI

May Hill Capital LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 103.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,588 shares of the company’s stock after buying an additional 10,474 shares during the quarter. May Hill Capital LLC’s holdings in British American Tobacco were worth $1,166,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its holdings 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 buying an additional 346 shares during the period. Cary Street Partners Financial LLC bought a new position in British American Tobacco in the 2nd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in British American Tobacco in the 4th quarter valued at about $42,000. Binnacle Investments Inc increased its holdings in British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after buying an additional 465 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in British American Tobacco by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after buying an additional 391 shares during the period. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Finally, Weiss Ratings lowered shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, British American Tobacco presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $65.15 on Friday. British American Tobacco p.l.c. has a 52-week low of $41.75 and a 52-week high of $67.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The company’s 50 day moving average price is $58.85 and its 200-day moving average price is $57.99.

British American Tobacco Company 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.