Rossby Financial LCC Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Rossby Financial LCC acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,479 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after acquiring an additional 305 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 525 shares during the period. Ameriflex Group Inc. acquired a new position in shares of British American Tobacco in the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. increased its stake in British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after buying an additional 278 shares during the period. Finally, Mather Group LLC. lifted its holdings in British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after buying an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BTI shares. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, June 28th. Finally, Bank of America initiated coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

British American Tobacco Trading Up 1.4%

Shares of NYSE:BTI opened at $47.36 on Thursday. British American Tobacco p.l.c. has a 52 week low of $31.35 and a 52 week high of $49.58. The company’s 50 day moving average is $45.47 and its two-hundred day moving average is $41.39. The company has a market cap of $97.79 billion, a PE ratio of 9.72, a P/E/G ratio of 4.48 and a beta of 0.33. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65.

British American Tobacco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be issued a $0.7391 dividend. This represents a yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is presently 60.78%.

British American Tobacco Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, 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.