British American Tobacco
BTI
About: The third-largest tobacco company by volume, British American Tobacco sold 518 billion cigarettes in 2024. 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 22.9% stake in ITC limited, the largest Indian cigarette company.
Employees: 48,989
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
158% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 52
98% more repeat investments, than reductions
Existing positions increased: 307 | Existing positions reduced: 155
39% more capital invested
Capital invested by funds: $8.77B [Q1] → $12.2B (+$3.41B) [Q2]
13% more call options, than puts
Call options by funds: $361M | Put options by funds: $320M
13% more funds holding in top 10
Funds holding in top 10: 16 [Q1] → 18 (+2) [Q2]
11% more funds holding
Funds holding: 637 [Q1] → 706 (+69) [Q2]
2.09% more ownership
Funds ownership: 9.63% [Q1] → 11.72% (+2.09%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Argus Research
Christine Dooley
|
$62
|
Buy
Upgraded
|
8 Sep 2025 |
Financial journalist opinion