British American Tobacco p.l.c. $BTI Position Increased by CenterBook Partners LP

CenterBook Partners LP lifted its position in British American Tobacco p.l.c. (NYSE:BTI) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,697 shares of the company’s stock after acquiring an additional 10,669 shares during the period. CenterBook Partners LP’s holdings in British American Tobacco were worth $6,300,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. raised its stake in British American Tobacco by 2,066.9% during the 2nd quarter. Federated Hermes Inc. now owns 3,476,001 shares of the company’s stock valued at $164,519,000 after purchasing an additional 3,315,589 shares during the period. Orbis Allan Gray Ltd increased its holdings 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 purchasing an additional 2,482,737 shares during the period. Citigroup Inc. boosted its holdings in shares of British American Tobacco by 833.5% during the second quarter. Citigroup Inc. now owns 2,121,918 shares of the company’s stock worth $100,430,000 after purchasing an additional 1,894,617 shares during the period. JPMorgan Chase & Co. grew its position in British American Tobacco by 201.6% during the second quarter. JPMorgan Chase & Co. now owns 2,748,324 shares of the company’s stock valued at $130,078,000 after purchasing an additional 1,837,106 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in British American Tobacco by 35.1% in the 2nd quarter. Bank of America Corp DE now owns 5,355,932 shares of the company’s stock valued at $253,496,000 after buying an additional 1,392,799 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BTI shares. Kepler Capital Markets assumed coverage on shares of British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, January 21st. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Trading Down 0.9%

Shares of BTI opened at $58.95 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a one year low of $37.31 and a one year high of $63.03. The company’s fifty day moving average price is $58.12 and its 200 day moving average price is $56.01.

British American Tobacco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be paid 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%.

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.