Oppenheimer Asset Management Inc. boosted its stake in shares of British American Tobacco (NYSE:BTI) by 36.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 186,952 shares of the company’s stock after acquiring an additional 49,475 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in British American Tobacco were worth $10,786,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in British American Tobacco during the 4th quarter worth about $100,000. We Are One Seven LLC bought a new stake in British American Tobacco during the 4th quarter worth about $114,000. Delpha Capital Management LLC bought a new stake in British American Tobacco during the 4th quarter worth about $116,000. Prime Capital Investment Advisors LLC bought a new stake in British American Tobacco during the 4th quarter worth about $141,000. Finally, Trustcore Financial Services LLC bought a new stake in British American Tobacco during the 4th quarter worth about $145,000. 8.66% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on BTI shares. Citigroup lowered shares of British American Tobacco from a “buy” rating to a “neutral” rating in a report on Wednesday, February 28th. Zacks Investment Research lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Piper Jaffray Companies lowered shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $79.00.
Shares of NYSE BTI opened at $50.39 on Tuesday. The stock has a market capitalization of $108.81 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 0.90. British American Tobacco has a 1 year low of $50.30 and a 1 year high of $73.41.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, October 5th will be paid a $0.6792 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Thursday, October 4th. British American Tobacco’s dividend payout ratio (DPR) is presently 54.62%.
British American Tobacco Company 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 and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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