Dorsey Wright & Associates Acquires New Shares in British American Tobacco p.l.c. $BTI

Dorsey Wright & Associates bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, HoldingsChannel reports. The fund bought 25,149 shares of the company’s stock, valued at approximately $1,335,000.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of British American Tobacco during the third quarter worth about $29,000. Cary Street Partners Financial LLC bought a new position in British American Tobacco in the 2nd quarter valued at approximately $30,000. Salem Investment Counselors Inc. raised its holdings in British American Tobacco by 48.6% in the 3rd quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock valued at $34,000 after buying an additional 207 shares during the last quarter. Binnacle Investments Inc boosted its position in British American Tobacco by 163.2% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after buying an additional 465 shares during the period. Finally, Westside Investment Management Inc. grew its holdings in British American Tobacco by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after acquiring an additional 391 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BTI. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings raised shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Eight analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $60.54 on Wednesday. The company’s 50 day moving average price is $59.61 and its 200-day moving average price is $56.47. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a 52-week low of $37.96 and a 52-week high of $63.22.

British American Tobacco Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a yield of 5.5%.

British American Tobacco Company 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.