British American Tobacco p.l.c. $BTI Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 34.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,311 shares of the company’s stock after acquiring an additional 79,084 shares during the period. Wellington Management Group LLP’s holdings in British American Tobacco were worth $18,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTI. First Command Advisory Services Inc. lifted its position in British American Tobacco by 1,386.7% in 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 during the period. Glen Eagle Advisors LLC acquired a new position in shares of British American Tobacco during the 4th quarter valued at $26,000. Cary Street Partners Financial LLC bought a new stake in shares of British American Tobacco in the 2nd quarter worth $30,000. SHP Wealth Management acquired a new stake in shares of British American Tobacco in the fourth quarter valued at $35,000. Finally, Binnacle Investments Inc lifted its holdings in shares of British American Tobacco by 163.2% in the third 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. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $55.37 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 12 month low of $49.88 and a 12 month high of $67.30. The business has a fifty day simple moving average of $59.09 and a 200-day simple moving average of $59.79.

British American Tobacco (NYSE:BTI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 earnings per share (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 analysts’ expectations of $16.42 billion. On average, research analysts predict that British American Tobacco p.l.c. will post 4.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on BTI shares. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of British American Tobacco in a report on Tuesday, August 11th. Weiss Ratings restated a “buy (b)” rating on shares of British American Tobacco in a research report on Monday, August 31st. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. BTIG Research initiated coverage on shares of British American Tobacco in a report on Tuesday, July 21st. They issued a “buy” rating on the stock. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.