IFP Advisors Inc increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 243.0% during the first quarter, HoldingsChannel reports. The fund owned 16,755 shares of the company’s stock after buying an additional 11,870 shares during the quarter. IFP Advisors Inc’s holdings in British American Tobacco were worth $693,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of BTI. AMG National Trust Bank grew its position in shares of British American Tobacco by 33.0% in the 1st quarter. AMG National Trust Bank now owns 79,816 shares of the company’s stock valued at $3,302,000 after buying an additional 19,787 shares during the last quarter. Formidable Asset Management LLC grew its position in shares of British American Tobacco by 3.4% in the 1st quarter. Formidable Asset Management LLC now owns 18,032 shares of the company’s stock valued at $746,000 after buying an additional 586 shares during the last quarter. Woodward Diversified Capital LLC bought a new stake in shares of British American Tobacco in the 1st quarter valued at about $207,000. Concord Wealth Partners grew its position in shares of British American Tobacco by 35.6% in the 1st quarter. Concord Wealth Partners now owns 5,436 shares of the company’s stock valued at $225,000 after buying an additional 1,428 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of British American Tobacco by 71.3% in the 1st quarter. Cullen Frost Bankers Inc. now owns 1,883 shares of the company’s stock valued at $78,000 after purchasing an additional 784 shares during the period. Institutional investors own 16.16% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BTI. Barclays reissued an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Jefferies Financial Group initiated coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Bank of America initiated coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating on the stock. Finally, Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.
Check Out Our Latest Stock Report on BTI
British American Tobacco Stock Performance
BTI stock opened at $52.64 on Friday. The firm has a market cap of $108.59 billion, a PE ratio of 10.81, a P/E/G ratio of 4.84 and a beta of 0.33. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $48.07 and a 200-day moving average of $42.95. British American Tobacco p.l.c. has a 12-month low of $34.12 and a 12-month high of $52.98.
British American Tobacco Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.7391 per share. This represents a yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is 60.78%.
About British American Tobacco
(Free Report)
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.
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