British American Tobacco p.l.c. $BTI Stock Acquired by Lido Advisors LLC

Lido Advisors LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 110.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 47,977 shares of the company’s stock after purchasing an additional 25,211 shares during the period. Lido Advisors LLC’s holdings in British American Tobacco were worth $2,610,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of British American Tobacco by 34.4% in the first quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock valued at $569,313,000 after purchasing an additional 2,494,576 shares in the last quarter. WCM Investment Management LLC grew its holdings in British American Tobacco by 3,899.7% during the first quarter. WCM Investment Management LLC now owns 2,362,818 shares of the company’s stock worth $137,658,000 after buying an additional 2,303,743 shares in the last quarter. NewEdge Advisors LLC grew its holdings in British American Tobacco by 710.3% during the second quarter. NewEdge Advisors LLC now owns 748,245 shares of the company’s stock worth $46,212,000 after buying an additional 655,908 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in British American Tobacco by 36.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,166,000 shares of the company’s stock valued at $133,772,000 after buying an additional 576,900 shares during the last quarter. Finally, Sei Investments Co. raised its position in British American Tobacco by 75.3% in the 1st quarter. Sei Investments Co. now owns 1,303,646 shares of the company’s stock valued at $76,223,000 after buying an additional 559,858 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BTI. UBS Group restated a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 2nd. Deutsche Bank reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. SBG Securities raised shares of British American Tobacco to a “buy” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, November 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, British American Tobacco has an average rating of “Moderate Buy” and a consensus price target of $68.10.

British American Tobacco Trading Up 1.4%

Shares of NYSE BTI traded up $0.84 during midday trading on Friday, reaching $61.88. The company’s stock had a trading volume of 3,728,767 shares, compared to its average volume of 5,454,717. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50. The firm has a 50 day moving average price of $57.53 and a 200-day moving average price of $59.30. British American Tobacco p.l.c. has a 12-month low of $52.06 and a 12-month high of $67.30.

British American Tobacco Profile

British American Tobacco p.l.c. is a multinational tobacco and nicotine company headquartered in London. Its business includes the manufacture and sale of cigarettes, other tobacco products and newer nicotine products. Its portfolio includes cigarette brands such as Dunhill, Lucky Strike and Pall Mall, as well as vaping, heated-tobacco and oral nicotine products sold under brands including Vuse, glo and Velo. The company serves markets around the world, with operations spanning the Americas, Europe, Africa, the Middle East and Asia-Pacific.