Cibc World Market Inc. Decreases Stake in British American Tobacco p.l.c. $BTI

Cibc World Market Inc. reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 327,256 shares of the company’s stock after selling 16,019 shares during the quarter. Cibc World Market Inc.’s holdings in British American Tobacco were worth $17,371,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in British American Tobacco during the third quarter valued at about $29,000. Cary Street Partners Financial LLC purchased a new position in shares of British American Tobacco during the 2nd quarter valued at $30,000. Salem Investment Counselors Inc. grew its stake in shares of British American Tobacco by 48.6% during the 3rd quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares during the period. Westside Investment Management Inc. increased its holdings in British American Tobacco by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after acquiring an additional 391 shares during the last quarter. Finally, City Holding Co. bought a new stake in British American Tobacco in the 3rd quarter valued at about $42,000. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BTI shares. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Kepler Capital Markets began coverage on British American Tobacco in a research report on Friday, December 12th. They set a “buy” rating on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.00.

Key Headlines Impacting British American Tobacco

Here are the key news stories impacting British American Tobacco this week:

• Positive Sentiment: Q4 results beat expectations — BTI reported strong quarterly results (EPS and revenue) and management highlighted ongoing growth in vapor and smokeless products, supporting profit momentum. Q4 Earnings Call Transcript
• Positive Sentiment: Analyst upgrade — A Seeking Alpha piece upgraded BTI to a buy, citing stronger‑than‑expected FY2025, renewed growth in the New Category (vape/smokeless) and improving margins from operational efficiencies. That upgrade can boost investor sentiment. Rating Upgrade
• Positive Sentiment: Share buyback increased — Management announced an additional £1.3bn buyback for 2026, supporting returns and reducing float, a clear shareholder‑friendly move. Buyback and Results
• Positive Sentiment: Operating profit and pretax profit strength — Adjusted operating profit rose and pretax profits jumped as modern product penetration rose, underpinning free cash flow and deleveraging prospects. WSJ: Pretax Profit
• Neutral Sentiment: New Category outlook — Management guided New Category revenue to low double‑digit growth in FY2026 (helped by US/Vuse recovery), a key growth driver but execution risk remains. New Category Detail
• Neutral Sentiment: Presentation & call materials available — Slide deck and earnings call transcript were published for deeper review by investors. Slide Deck
• Negative Sentiment: Revenue guidance missed consensus — BTI set FY2026 revenue guidance at $35.1bn (vs. ~$36.0bn street estimate) while issuing a fixed EPS guide of 4.920, which tempers the upside and explains some investor caution. Company FY2026 Guidance

British American Tobacco Trading Up 0.4%

BTI stock opened at $60.60 on Friday. British American Tobacco p.l.c. has a one year low of $37.31 and a one year high of $63.03. The firm has a 50 day simple moving average of $57.99 and a two-hundred day simple moving average of $55.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

British American Tobacco (NYSE:BTI) last issued its quarterly earnings results on Thursday, February 12th. The company reported $125.53 earnings per share (EPS) for the quarter. The firm had revenue of $8.93 billion for the quarter. British American Tobacco has set its FY 2026 guidance at 4.920-4.920 EPS. On average, sell-side analysts anticipate that British American Tobacco p.l.c. will post 4.69 EPS for the current year.

About British American Tobacco

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.