Stratos Wealth Partners LTD. Makes New $751,000 Investment in British American Tobacco p.l.c. $BTI

Stratos Wealth Partners LTD. acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,140 shares of the company’s stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC purchased a new position in British American Tobacco in the third quarter valued at approximately $29,000. Cary Street Partners Financial LLC purchased a new position in shares of British American Tobacco in the 2nd quarter valued at $30,000. Salem Investment Counselors Inc. raised its stake in British American Tobacco by 48.6% during the 3rd quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares in the last quarter. Westside Investment Management Inc. lifted its position in British American Tobacco by 100.0% in the third quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after acquiring an additional 391 shares during the last quarter. Finally, City Holding Co. acquired a new position in British American Tobacco in the third quarter valued at $42,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $58.95 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The business has a 50 day simple moving average of $58.12 and a 200-day simple moving average of $56.01. British American Tobacco p.l.c. has a 12 month low of $37.31 and a 12 month high of $63.03.

British American Tobacco Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report 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 set a “buy” rating on the stock. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.00.

About British American Tobacco

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.