British American Tobacco
About: The second-largest tobacco company by volume, British American Tobacco sold 555 billion cigarettes in 2023. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the us. In next-generation products, the company has the Vuse brand in vaping, Glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 25.5% stake in ITC limited, the largest Indian cigarette company.
Employees: 50,397
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
47% more repeat investments, than reductions
Existing positions increased: 245 | Existing positions reduced: 167
44% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 13 (+4) [Q2]
5% more capital invested
Capital invested by funds: $4.62B [Q1] → $4.87B (+$251M) [Q2]
0.31% more ownership
Funds ownership: 6.78% [Q1] → 7.09% (+0.31%) [Q2]
2% less funds holding
Funds holding: 568 [Q1] → 557 (-11) [Q2]
13% less first-time investments, than exits
New positions opened: 73 | Existing positions closed: 84
19% less call options, than puts
Call options by funds: $149M | Put options by funds: $185M
Research analyst outlook
We haven’t received any recent analyst ratings for BTI.
Financial journalist opinion
Based on 20 articles about BTI published over the past 30 days