British American Tobacco p.l.c. $BTI Shares Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its British American Tobacco stake by 217.2% in the second quarter, acquiring 64,408 additional shares for a total holding of 94,068 shares valued at approximately $5.7 million. Institutional investors collectively own 16.16% of BTI.
• Analyst sentiment remains mostly positive, with seven analysts rating BTI a Buy and one rating it a Sell. The stock has a “Moderate Buy” consensus rating and an average price target of $62.
• BTI shares opened at $55.37, below their 50-day and 200-day moving averages, while the company’s latest quarterly results missed expectations with $1.11 in earnings per share versus a $2.21 consensus estimate.

TD Waterhouse Canada Inc. increased its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 217.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,068 shares of the company's stock after acquiring an additional 64,408 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in British American Tobacco were worth $5,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BTI. First Command Advisory Services Inc. lifted its stake in shares of 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 buying an additional 416 shares in the last quarter. Glen Eagle Advisors LLC acquired a new stake in British American Tobacco during the fourth quarter worth $26,000. Cary Street Partners Financial LLC acquired a new stake in shares of British American Tobacco during the 2nd quarter worth about $30,000. SHP Wealth Management purchased a new stake in shares of British American Tobacco in the 4th quarter valued at approximately $35,000. Finally, Binnacle Investments Inc raised its position in 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 purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BTI shares. Morgan Stanley reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Monday, June 8th. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Citigroup restated a "buy" rating on shares of British American Tobacco in a research note on Thursday, May 14th. Weiss Ratings restated a "buy (b)" rating on shares of British American Tobacco in a research report on Monday, August 31st. Finally, Royal Bank Of Canada restated an "underperform" rating on shares of British American Tobacco in a research report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.00.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $55.37 on Monday. The business's fifty day moving average price is $59.09 and its two-hundred day moving average price is $59.79. British American Tobacco p.l.c. has a one year low of $49.88 and a one year high of $67.30. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64.

British American Tobacco (NYSE:BTI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share 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 the consensus estimate of $16.42 billion. Sell-side analysts forecast that British American Tobacco p.l.c. will post 4.86 EPS for the current fiscal year.

British American Tobacco 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.

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