British American Tobacco (NYSE:BTI) Hits New 1-Year High - Here's What Happened

Shares of British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $45.41 and last traded at $45.27, with a volume of 5559028 shares. The stock had previously closed at $45.22.

Analyst Ratings Changes

BTI has been the subject of several research analyst reports. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Bank of America initiated coverage on British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

British American Tobacco Stock Up 0.4%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market capitalization of $93.29 billion, a price-to-earnings ratio of 9.27 and a beta of 0.32. The stock's fifty day simple moving average is $42.38 and its two-hundred day simple moving average is $39.74.

Institutional Trading of British American Tobacco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its position in shares of British American Tobacco by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock valued at $1,401,000 after acquiring an additional 244 shares during the last quarter. Applied Capital LLC FL lifted its holdings in shares of British American Tobacco by 1.1% during the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock valued at $963,000 after purchasing an additional 257 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of British American Tobacco by 3.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock valued at $323,000 after purchasing an additional 258 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in British American Tobacco by 1.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after buying an additional 258 shares in the last quarter. Finally, Keystone Financial Group lifted its stake in British American Tobacco by 1.5% during the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after buying an additional 267 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.