Shares of British American Tobacco PLC (NYSE:BTI) have been given an average rating of “Buy” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $78.50.
A number of equities analysts have recently weighed in on BTI shares. Zacks Investment Research lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Citigroup lowered shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 28th.
Institutional investors have recently added to or reduced their stakes in the company. Glovista Investments LLC acquired a new stake in shares of British American Tobacco in the fourth quarter worth $3,060,000. Atria Investments LLC increased its position in shares of British American Tobacco by 82.9% in the fourth quarter. Atria Investments LLC now owns 10,090 shares of the company’s stock worth $676,000 after acquiring an additional 4,572 shares in the last quarter. Vontobel Asset Management Inc. increased its position in shares of British American Tobacco by 28.1% in the fourth quarter. Vontobel Asset Management Inc. now owns 1,282,336 shares of the company’s stock worth $85,905,000 after acquiring an additional 281,543 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of British American Tobacco by 2.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,386,466 shares of the company’s stock worth $92,879,000 after acquiring an additional 30,809 shares in the last quarter. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of British American Tobacco in the fourth quarter worth $248,000. 8.80% of the stock is owned by institutional investors.
Shares of NYSE:BTI traded down $0.21 during trading on Friday, reaching $58.80. The stock had a trading volume of 763,878 shares, compared to its average volume of 1,870,315. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.52. The firm has a market cap of $126,602.34, a PE ratio of 15.98, a P/E/G ratio of 1.73 and a beta of 1.06. British American Tobacco has a fifty-two week low of $53.38 and a fifty-two week high of $73.41.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, October 5th will be given a dividend of $0.6792 per share. This represents a $2.72 annualized dividend and a yield of 4.62%. The ex-dividend date is Thursday, October 4th. British American Tobacco’s dividend payout ratio (DPR) is 54.89%.
British American Tobacco Company Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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