British American Tobacco p.l.c. $BTI Holdings Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 217.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 94,068 shares of the company’s stock after buying an additional 64,408 shares during the period. TD Waterhouse Canada Inc.’s holdings in British American Tobacco were worth $5,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. raised its stake in British American Tobacco by 1,386.7% during the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after acquiring an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new position in shares of British American Tobacco during the 4th quarter valued at about $26,000. SHP Wealth Management bought a new stake in British American Tobacco during the fourth quarter worth approximately $35,000. Cary Street Partners Financial LLC acquired a new position in shares of British American Tobacco in the 2nd quarter worth $30,000. Finally, Binnacle Investments Inc boosted its holdings in shares of British American Tobacco by 163.2% in the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after buying an additional 465 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BTI has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of British American Tobacco in a research note on Tuesday, August 11th. Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a research report on Monday, August 31st. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.00.

British American Tobacco Trading Up 0.0%

BTI stock opened at $55.37 on Monday. The company has a 50 day moving average price of $59.09 and a 200 day moving average price of $59.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84. British American Tobacco p.l.c. has a fifty-two week low of $49.88 and a fifty-two week high of $67.30.

British American Tobacco (NYSE:BTI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The business had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $16.42 billion. Equities research analysts anticipate that British American Tobacco p.l.c. will post 4.86 earnings per share 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.