Streetbeat News

BTI

British American Tobacco p.l.c.

https://www.bat.com

Industry

Tobacco

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States. It offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company provides its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is based in London, the United Kingdom.

Open

40.99

Mkt cap

91B

Volume

4.5M

High

41.42

P/E Ratio

23.50

52-wk high

42.74

Low

40.97

Div yield

0.07

52-wk low

28.25

British American Tobacco's (NYSE:BTI) short percent of float has fallen 5.56% since its last report, with 3.69 million shares sold short, which is 0.17% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, BTI has less short interest as a percentage of float, with an average of 1.85%.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 7:15 pm

Several companies have had their ratings upgraded, downgraded, or initiated by various financial institutions. Upgrades include Eos Energy Enterprises, Papa John's International, MercadoLibre, Aramark, Vale, and AppFolio. Downgrades include Allot, British American Tobacco, Hersha Hospitality Trust, Dollar General, PagerDuty, Acer Therapeutics, and Kanzhun. New coverage was initiated for Ferguson, Camping World Holdings, Confluent, Veeco Instruments, Chicago Atlantic Real Estate Finance, Ecolab, P3 Health Partners, and Alamo Group.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 3:00 pm

Argus Research analyst David Coleman has downgraded British American Tobacco (NYSE:BTI) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:36 pm

A chart by Viridian Capital shows that the cannabis industry is the most capital-intensive compared to tobacco, alcoholic beverages, pharmaceuticals, and consumer products industries. The capital intensity is measured by the next twelve-month consensus revenue estimates divided by aggregate capital employed. The chart includes nine cannabis companies with market caps over $100M, and several companies from the other industries. The high capital intensity of the cannabis industry is attributed to federal illegality, which forces companies to maintain duplicate managerial and operations functions.

Portfolio Pulse from Viridian Capital Advisors

August 28, 2023 | 5:10 pm

Cannabis companies in the U.S. and Canada are set to capitalize on the expanding European market as regulatory frameworks become more favorable. Israel's Ministry of Health has announced a reform of medical cannabis regulations, which is expected to boost the country's exports of medical cannabis. IM Cannabis Corp. (NASDAQ:IMCC) (CSE:IMCC) has praised the move. Germany is also set to approve a marijuana legalization bill. Cannabis giants Tilray Brands Inc. (NASDAQ:TLRY) (TSX:TLRY) and Aurora Cannabis Inc. (NASDAQ:ACB) are among the best-positioned companies to benefit from Germany's legalization. Other companies eyeing the new market include Curaleaf Holdings, Inc. (OTCQX:CURLF), CBD of Denver Inc. (OTC:CBDD), and Organigram Holdings Inc. (NASDAQ:OGI).

Portfolio Pulse from Jelena Martinovic

August 11, 2023 | 8:10 pm

British American Tobacco's (NYSE:BTI) short percent of float has fallen 40.91% since its last report, with 3.01 million shares sold short, which is 0.13% of all regular shares available for trading. This decrease in short interest can signal that investors have become more bullish. Compared to its peers, BTI has less short interest.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:28 am

British American Tobacco's (NYSE:BTI) short percent of float has risen 15.79% since its last report, with 4.89 million shares sold short. This represents 0.22% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, BTI has less short interest as a percentage of float, with an average of 1.76%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 4:00 pm

Philip Morris Intl (NYSE:PM) will issue a dividend payout of $1.27 per share, resulting in an annualized dividend yield of 5.51%. The company has shown a steady increase in dividend per share from 2019 to 2022, and an increase in earnings per share, indicating a strong financial position. British American Tobacco (NYSE:BTI) has the highest annualized dividend yield at 8.54% among its peers.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:35 pm

The article discusses the potential of the cannabis industry as a source of tax revenue for the U.S. government, comparing it to the tobacco industry. It highlights that cannabis tax revenue has surpassed tobacco tax revenue in states like Colorado and Washington. The article also mentions the need for tax reform to unlock the full potential of the cannabis economy. Major tobacco players such as Philip Morris International, Altria Group, Imperial Brands, and British American Tobacco are exploring opportunities in the cannabis market.

Portfolio Pulse from Nicolás Jose Rodriguez

June 30, 2023 | 3:21 am

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round', recommending Philip Morris International (PM) and Myriad Genetics (MYGN) as buys, while expressing concerns about Snap (SNAP) and Crown Castle (CCI). He also mentioned that Meta Platforms (META) is a great long-term play but too hot in the short term.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 2:49 pm

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