May Hill Capital LLC Has $454,000 Stock Holdings in British American Tobacco p.l.c. $BTI

May Hill Capital LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 15.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,584 shares of the company’s stock after purchasing an additional 1,270 shares during the quarter. May Hill Capital LLC’s holdings in British American Tobacco were worth $454,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lockheed Martin Investment Management Co. lifted its holdings in British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after buying an additional 30,600 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of British American Tobacco by 28.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after purchasing an additional 5,745 shares during the period. Todd Asset Management LLC lifted its stake in shares of British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after purchasing an additional 157,251 shares during the period. Essex LLC acquired a new position in shares of British American Tobacco in the 1st quarter valued at $292,000. Finally, Woodward Diversified Capital LLC acquired a new position in shares of British American Tobacco in the 1st quarter valued at $207,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BTI. Jefferies Financial Group began coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Monday, September 8th. Morgan Stanley reissued an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $52.13 on Tuesday. The company has a market capitalization of $107.13 billion, a PE ratio of 10.73, a PEG ratio of 3.67 and a beta of 0.42. British American Tobacco p.l.c. has a 12 month low of $34.24 and a 12 month high of $59.29. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $54.12 and its 200 day simple moving average is $50.05.

British American Tobacco Company Profile

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.