May Hill Capital LLC Acquires 10,474 Shares of British American Tobacco p.l.c. $BTI

May Hill Capital LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 103.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,588 shares of the company’s stock after acquiring an additional 10,474 shares during the quarter. May Hill Capital LLC’s holdings in British American Tobacco were worth $1,166,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC acquired a new stake in British American Tobacco in the second quarter valued at $30,000. Cornerstone Planning Group LLC lifted its stake in British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after acquiring an additional 346 shares during the last quarter. Binnacle Investments Inc lifted its stake in British American Tobacco by 163.2% in the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after acquiring an additional 465 shares during the last quarter. Westside Investment Management Inc. lifted its stake in British American Tobacco by 100.0% in the third quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after acquiring an additional 391 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in British American Tobacco in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Down 2.3%

Shares of British American Tobacco stock opened at $65.15 on Friday. British American Tobacco p.l.c. has a twelve month low of $41.75 and a twelve month high of $67.30. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $58.85 and a two-hundred day simple moving average of $57.99.

Analysts Set New Price Targets

A number of brokerages have commented on BTI. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday. Finally, Weiss Ratings cut shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

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.