Sanders Morris Harris LLC Raises Stock Holdings in British American Tobacco p.l.c. $BTI

Sanders Morris Harris LLC raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 296.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,723 shares of the company’s stock after purchasing an additional 15,500 shares during the quarter. Sanders Morris Harris LLC’s holdings in British American Tobacco were worth $1,100,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Kepler Capital Markets began coverage on British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $57.28 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $34.82 and a twelve month high of $59.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The business has a 50-day moving average price of $54.44 and a 200 day moving average price of $53.30.

British American Tobacco 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.