Raymond James & Associates lifted its position in British American Tobacco PLC (NYSE:BTI) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,722,100 shares of the company’s stock after acquiring an additional 449,372 shares during the quarter. Raymond James & Associates owned 0.08% of British American Tobacco worth $115,364,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new stake in shares of British American Tobacco in the fourth quarter valued at about $100,000. BB&T Investment Services Inc. raised its holdings in shares of British American Tobacco by 625.6% in the third quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock valued at $101,000 after acquiring an additional 1,395 shares in the last quarter. Krilogy Financial LLC bought a new position in British American Tobacco in the third quarter worth about $106,000. Asset Management One Co. Ltd. bought a new position in British American Tobacco in the third quarter worth about $109,000. Finally, Manchester Capital Management LLC bought a new position in British American Tobacco in the third quarter worth about $113,000. Hedge funds and other institutional investors own 9.09% of the company’s stock.
A number of equities analysts have commented on BTI shares. Zacks Investment Research upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Thursday, January 25th. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, Citigroup downgraded shares of British American Tobacco from a “buy” rating to a “neutral” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. British American Tobacco currently has an average rating of “Buy” and a consensus price target of $79.00.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Friday, October 5th will be issued a $0.6792 dividend. The ex-dividend date is Thursday, October 4th. This represents a $2.72 dividend on an annualized basis and a yield of 4.58%.
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British American Tobacco Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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