White Lighthouse Investment Management Inc. Trims Holdings in British American Tobacco p.l.c. $BTI

White Lighthouse Investment Management Inc. trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 48.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,264 shares of the company’s stock after selling 11,588 shares during the period. White Lighthouse Investment Management Inc.’s holdings in British American Tobacco were worth $651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of British American Tobacco in the third quarter valued at approximately $29,000. Cary Street Partners Financial LLC purchased a new position in British American Tobacco in the 2nd quarter valued at approximately $30,000. Salem Investment Counselors Inc. grew its stake in shares of British American Tobacco by 48.6% in the third 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. raised its stake in shares of 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 in the last quarter. Finally, City Holding Co. purchased a new position in British American Tobacco in the third quarter valued at $42,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.5%

BTI opened at $59.13 on Thursday. 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 52 week low of $37.96 and a 52 week high of $63.22. The business’s 50 day moving average is $59.23 and its two-hundred day moving average is $56.38.

British American Tobacco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be given a dividend of $0.8349 per share. This represents a $3.34 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, December 29th.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BTI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings raised British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently 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.