British American Tobacco p.l.c. (NYSE:BTI – Get Free Report) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.00.
A number of analysts recently weighed in on the stock. Weiss Ratings downgraded shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th.
Read Our Latest Stock Analysis on BTI
British American Tobacco Stock Down 3.0%
Institutional Trading of British American Tobacco
Several hedge funds have recently bought and sold shares of the stock. Capital International Investors raised its holdings in British American Tobacco by 0.5% during the 4th quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock worth $3,645,500,000 after buying an additional 332,062 shares during the period. Capital Research Global Investors raised its holdings in British American Tobacco by 1.2% during the 4th quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock worth $1,264,512,000 after buying an additional 264,511 shares during the period. Orbis Allan Gray Ltd raised its holdings in 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 worth $686,473,000 after buying an additional 2,482,737 shares during the period. Bank of America Corp DE raised its holdings in British American Tobacco by 34.4% during the 1st quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock worth $569,313,000 after buying an additional 2,494,576 shares during the period. Finally, Capital World Investors raised its holdings in British American Tobacco by 0.5% during the 4th quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock worth $538,935,000 after buying an additional 47,858 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.
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.
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