First Bank & Trust raised its stake in British American Tobacco PLC (NYSE:BTI) by 71.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,212 shares of the company’s stock after buying an additional 13,029 shares during the period. British American Tobacco accounts for 1.0% of First Bank & Trust’s holdings, making the stock its 29th largest holding. First Bank & Trust’s holdings in British American Tobacco were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of BTI. Cerity Partners LLC raised its position in shares of British American Tobacco by 3.1% during the fourth quarter. Cerity Partners LLC now owns 11,487 shares of the company’s stock valued at $366,000 after buying an additional 345 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of British American Tobacco by 1.8% in the fourth quarter. Moody National Bank Trust Division now owns 27,546 shares of the company’s stock worth $878,000 after buying an additional 478 shares during the period. Baillie Gifford & Co. boosted its position in shares of British American Tobacco by 0.4% in the fourth quarter. Baillie Gifford & Co. now owns 137,840 shares of the company’s stock worth $4,392,000 after buying an additional 534 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of British American Tobacco by 90.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,146 shares of the company’s stock worth $37,000 after acquiring an additional 545 shares in the last quarter. Finally, Advisor Partners LLC raised its holdings in shares of British American Tobacco by 9.0% during the fourth quarter. Advisor Partners LLC now owns 7,224 shares of the company’s stock worth $230,000 after acquiring an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 6.32% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Citigroup raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Thursday, March 28th. Zacks Investment Research raised British American Tobacco from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, February 12th. Cowen downgraded British American Tobacco from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Finally, Piper Jaffray Companies upgraded shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.00.
Shares of British American Tobacco stock traded up $0.31 on Monday, hitting $40.94. 37,292 shares of the company’s stock traded hands, compared to its average volume of 2,309,090. The stock has a market capitalization of $87.15 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.39 and a beta of 0.87. British American Tobacco PLC has a one year low of $30.67 and a one year high of $58.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, March 22nd will be paid a $0.6745 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend is Thursday, March 21st. British American Tobacco’s payout ratio is presently 67.68%.
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About British American Tobacco
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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