First Heartland Consultants Inc. Has $3.11 Million Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

First Heartland Consultants Inc. cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTIFree Report) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,902 shares of the company’s stock after selling 5,995 shares during the period. First Heartland Consultants Inc.’s holdings in British American Tobacco were worth $3,107,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new stake in shares of British American Tobacco during the 3rd quarter worth approximately $25,000. Spotlight Asset Group Inc. bought a new stake in shares of British American Tobacco during the 2nd quarter worth $26,000. Sanctuary Wealth Management L.L.C. bought a new stake in British American Tobacco in the fourth quarter worth $27,000. Steward Financial Group LLC bought a new stake in British American Tobacco in the second quarter worth $28,000. Finally, CENTRAL TRUST Co lifted its stake in British American Tobacco by 170.8% in the third quarter. CENTRAL TRUST Co now owns 864 shares of the company’s stock worth $31,000 after purchasing an additional 545 shares during the last quarter. 7.56% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.5 %

British American Tobacco stock traded up $0.16 during mid-day trading on Monday, hitting $30.91. The company had a trading volume of 2,871,927 shares, compared to its average volume of 4,782,247. British American Tobacco p.l.c. has a 1 year low of $28.35 and a 1 year high of $38.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. The business has a fifty day moving average of $29.77 and a 200 day moving average of $31.10.

British American Tobacco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.733 per share. This is a positive change from British American Tobacco’s previous quarterly dividend of $0.70. This represents a $2.93 annualized dividend and a dividend yield of 9.49%. The ex-dividend date of this dividend is Thursday, March 21st.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BTI shares. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley assumed coverage on shares of British American Tobacco in a research note on Wednesday, November 1st. They issued an “overweight” rating for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on British American Tobacco

British American Tobacco Company Profile

(Free Report)

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.

Featured Articles

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.