Hantz Financial Services Inc. Buys 16,353 Shares of British American Tobacco p.l.c. $BTI

Hantz Financial Services Inc. lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 125.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,405 shares of the company’s stock after purchasing an additional 16,353 shares during the period. Hantz Financial Services Inc.’s holdings in British American Tobacco were worth $1,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of British American Tobacco by 2,066.9% in the second quarter. Federated Hermes Inc. now owns 3,476,001 shares of the company’s stock valued at $164,519,000 after purchasing an additional 3,315,589 shares during the last quarter. Orbis Allan Gray Ltd grew its holdings in British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after buying an additional 2,482,737 shares in the last quarter. Citigroup Inc. increased its position in British American Tobacco by 833.5% during the 2nd quarter. Citigroup Inc. now owns 2,121,918 shares of the company’s stock worth $100,430,000 after buying an additional 1,894,617 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of British American Tobacco by 201.6% during the second quarter. JPMorgan Chase & Co. now owns 2,748,324 shares of the company’s stock worth $130,078,000 after buying an additional 1,837,106 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of British American Tobacco by 35.1% in the second quarter. Bank of America Corp DE now owns 5,355,932 shares of the company’s stock valued at $253,496,000 after acquiring an additional 1,392,799 shares during the period. 16.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the subject of several analyst reports. Kepler Capital Markets started coverage on shares of British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating for the company. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Trading Up 1.3%

Shares of BTI opened at $62.79 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 52-week low of $37.31 and a 52-week high of $63.03. The business’s fifty day moving average is $57.78 and its 200-day moving average is $55.61.

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.