British American Tobacco p.l.c. $BTI Stake Lowered by Kennon Green & Company LLC

Posted by Geri Gentry on Jun 4th, 2026

Kennon Green & Company LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,634 shares of the company’s stock after selling 14,098 shares during the quarter. British American Tobacco accounts for approximately 6.3% of Kennon Green & Company LLC’s holdings, making the stock its 5th largest position. Kennon Green & Company LLC’s holdings in British American Tobacco were worth $7,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BTI. Capital World Investors lifted its position in British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after acquiring an additional 9,397,693 shares in the last quarter. Orbis Allan Gray Ltd grew its position in shares of British American Tobacco by 20.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after acquiring an additional 2,482,737 shares during the period. Capital International Investors grew its position in shares of British American Tobacco by 3.0% during the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after acquiring an additional 1,891,042 shares during the period. Bank of America Corp DE grew its position in shares of British American Tobacco by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after acquiring an additional 1,578,860 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of British American Tobacco by 85.1% during the 2nd quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock valued at $130,515,000 after buying an additional 1,267,425 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on BTI shares. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

Get Our Latest Stock Report on British American Tobacco

British American Tobacco Trading Down 3.0%

NYSE BTI opened at $58.63 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The company’s 50-day simple moving average is $60.08 and its two-hundred day simple moving average is $58.95. British American Tobacco p.l.c. has a one year low of $45.76 and a one year high of $67.30.

British American Tobacco Profile

(Free Report)

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.