Stifel Financial Corp raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,070 shares of the company's stock after buying an additional 30,238 shares during the quarter. Stifel Financial Corp's holdings in British American Tobacco were worth $17,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of British American Tobacco by 90.8% during the 1st quarter. BlackRock Inc. now owns 11,558,458 shares of the company's stock valued at $405,933,000 after acquiring an additional 5,501,775 shares during the last quarter. Capital International Investors boosted its position in shares of British American Tobacco by 8.2% during the 2nd quarter. Capital International Investors now owns 22,957,768 shares of the company's stock valued at $760,729,000 after acquiring an additional 1,746,156 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of British American Tobacco by 51.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,092,643 shares of the company's stock valued at $88,226,000 after acquiring an additional 710,867 shares during the last quarter. Marshall Wace LLP bought a new stake in British American Tobacco in the second quarter worth $22,498,000. Finally, Envestnet Asset Management Inc. lifted its position in British American Tobacco by 34.0% in the third quarter. Envestnet Asset Management Inc. now owns 2,568,285 shares of the company's stock worth $80,670,000 after buying an additional 650,979 shares during the last quarter. 7.56% of the stock is owned by hedge funds and other institutional investors.
British American Tobacco Trading Down 1.0 %
BTI opened at $30.21 on Tuesday. The business's 50-day moving average is $29.93 and its two-hundred day moving average is $30.90. British American Tobacco p.l.c. has a 1 year low of $28.35 and a 1 year high of $38.90. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67.
British American Tobacco Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be paid a $0.7431 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.97 annualized dividend and a yield of 9.84%.
Analyst Upgrades and Downgrades
BTI has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on British American Tobacco in a research report on Wednesday, November 1st. They issued an "overweight" rating for the company. StockNews.com upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Check Out Our Latest Report on British American Tobacco
British American Tobacco Company Profile
(
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.
Further Reading
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