Capital Research Global Investors Acquires 559,189 Shares of British American Tobacco p.l.c. $BTI

Capital Research Global Investors raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,068,891 shares of the company’s stock after acquiring an additional 559,189 shares during the quarter. Capital Research Global Investors’ holdings in British American Tobacco were worth $1,171,399,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BTI. Capital International Investors increased its holdings in British American Tobacco by 3.0% in the third quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after purchasing an additional 1,891,042 shares during the period. Orbis Allan Gray Ltd grew its position in shares of British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after buying an additional 2,482,737 shares during the last quarter. Capital World Investors raised its position in shares of British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after acquiring an additional 9,397,693 shares during the last quarter. Bank of America Corp DE boosted its holdings in British American Tobacco by 35.1% in the second quarter. Bank of America Corp DE now owns 5,355,932 shares of the company’s stock valued at $253,496,000 after acquiring an additional 1,392,799 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in British American Tobacco by 8.7% during the 3rd quarter. Federated Hermes Inc. now owns 3,779,137 shares of the company’s stock worth $200,597,000 after purchasing an additional 303,136 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.6%

BTI opened at $58.23 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 12 month low of $37.96 and a 12 month high of $63.22. The company has a 50 day moving average of $59.13 and a 200 day moving average of $56.36.

British American Tobacco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be issued a dividend of $0.8349 per share. The ex-dividend date is Tuesday, December 29th. This represents a $3.34 annualized dividend and a yield of 5.7%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Finally, Kepler Capital Markets started coverage on shares of British American Tobacco in a research report on Friday, December 12th. They issued a “buy” rating for the company. Eight investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, British American Tobacco has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.