Analysts Set British American Tobacco p.l.c. (NYSE:BTI) PT at $33.00

Shares of British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.00.

Several brokerages have recently issued reports on BTI. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday. Jefferies Financial Group began coverage on shares of British American Tobacco in a report on Wednesday. They set a "buy" rating on the stock. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Bank of America began coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating on the stock.

Hedge Funds Weigh In On British American Tobacco

A number of hedge funds have recently added to or reduced their stakes in BTI. Capital International Investors grew its stake in British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after acquiring an additional 5,673,619 shares in the last quarter. GQG Partners LLC grew its stake in British American Tobacco by 59.8% in the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company's stock worth $397,089,000 after acquiring an additional 3,590,916 shares in the last quarter. FMR LLC grew its stake in British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after acquiring an additional 3,127,046 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in British American Tobacco by 20.4% in the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company's stock worth $497,318,000 after acquiring an additional 2,040,011 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in British American Tobacco by 2,565.4% in the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after acquiring an additional 2,001,311 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

Shares of NYSE BTI traded up $1.19 during mid-day trading on Wednesday, hitting $49.12. 8,285,355 shares of the company's stock traded hands, compared to its average volume of 5,237,587. The company's 50-day moving average is $45.94 and its two-hundred day moving average is $41.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52. The company has a market capitalization of $101.43 billion, a P/E ratio of 10.09, a PEG ratio of 4.52 and a beta of 0.33. British American Tobacco has a 1 year low of $31.50 and a 1 year high of $49.77.

British American Tobacco Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be paid a $0.7391 dividend. The ex-dividend date is Friday, June 27th. This represents a yield of 5.99%. British American Tobacco's dividend payout ratio is currently 60.57%.

About British American Tobacco

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.