Shine Investment Advisory Services Inc. grew its holdings in British American Tobacco PLC (NYSE:BTI) by 48.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,127 shares of the company’s stock after purchasing an additional 693 shares during the period. Shine Investment Advisory Services Inc.’s holdings in British American Tobacco were worth $89,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BTI. WP Advisors LLC acquired a new stake in shares of British American Tobacco during the 1st quarter valued at $26,000. Wealthcare Advisory Partners LLC lifted its holdings in British American Tobacco by 90.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,146 shares of the company’s stock worth $37,000 after buying an additional 545 shares during the period. Bremer Trust National Association acquired a new position in British American Tobacco during the 4th quarter worth about $38,000. LifePlan Financial Group Inc lifted its holdings in British American Tobacco by 2,251.3% during the 1st quarter. LifePlan Financial Group Inc now owns 917 shares of the company’s stock worth $38,000 after buying an additional 878 shares during the period. Finally, Liberty Wealth Management LLC acquired a new position in British American Tobacco during the 4th quarter worth about $44,000. Institutional investors own 6.33% of the company’s stock.
Several research analysts have commented on BTI shares. Citigroup raised British American Tobacco from a “neutral” rating to a “buy” rating in a 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 research note on Tuesday, February 12th. Cowen downgraded British American Tobacco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Finally, Piper Jaffray Companies raised British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $53.00.
Shares of NYSE:BTI opened at $40.82 on Wednesday. The stock has a market capitalization of $86.99 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77. British American Tobacco PLC has a 1 year low of $30.67 and a 1 year high of $57.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders 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 dividend yield of 6.61%. The ex-dividend date is Thursday, March 21st. British American Tobacco’s dividend payout ratio is 67.68%.
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British American Tobacco Profile
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.
Further Reading: Intrinsic Value and Stock Selection
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