Shares of British American Tobacco PLC (NYSE:BTI) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company.
Several research firms recently commented on BTI. Piper Jaffray Companies lowered British American Tobacco from an “overweight” rating to a “neutral” rating in a report on Thursday, July 11th. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley lowered British American Tobacco from an “equal” rating to an “underweight” rating in a report on Monday, June 17th.
A number of large investors have recently bought and sold shares of BTI. Motco increased its holdings in British American Tobacco by 2,100.0% in the second quarter. Motco now owns 704 shares of the company’s stock valued at $25,000 after buying an additional 672 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in British American Tobacco by 83.0% in the second quarter. Cullen Frost Bankers Inc. now owns 754 shares of the company’s stock valued at $26,000 after acquiring an additional 342 shares in the last quarter. Acadian Asset Management LLC boosted its stake in British American Tobacco by 73.3% in the second quarter. Acadian Asset Management LLC now owns 745 shares of the company’s stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Next Capital Management LLC acquired a new position in British American Tobacco in the second quarter valued at $34,000. Finally, Assetmark Inc. boosted its stake in British American Tobacco by 2,600.0% in the second quarter. Assetmark Inc. now owns 972 shares of the company’s stock valued at $34,000 after acquiring an additional 936 shares in the last quarter. 5.59% of the stock is currently owned by hedge funds and other institutional investors.
British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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