122,052 Shares in British American Tobacco p.l.c. $BTI Bought by Wealth High Governance Capital Ltda

Key Points

• Wealth High Governance Capital Ltda opened a new position of 122,052 shares in British American Tobacco during Q4, valued at about $6.91 million per its latest 13F filing.
• British American Tobacco announced a quarterly dividend of $0.8349 (annualized $3.34), implying a yield of about 5.8%; the ex-dividend date is Dec. 29 and the payment is scheduled for Feb. 8.
• Analysts have a consensus rating of Moderate Buy with a consensus price target of $51, while BTI shares were trading near $57.39 and have a 1-year range of $40.12–$63.22.

Wealth High Governance Capital Ltda acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,052 shares of the company's stock, valued at approximately $6,911,000.

Several other institutional investors have also recently bought and sold shares of BTI. Capital World Investors raised its holdings in shares of British American Tobacco by 12,870.7% in the third quarter. Capital World Investors now owns 9,470,709 shares of the company's stock valued at $502,687,000 after purchasing an additional 9,397,693 shares during the last quarter. Orbis Allan Gray Ltd boosted its position in British American Tobacco by 20.7% during the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company's stock worth $686,473,000 after purchasing an additional 2,482,737 shares during the period. Capital International Investors boosted its position in British American Tobacco by 3.0% during the third quarter. Capital International Investors now owns 64,057,419 shares of the company's stock worth $3,399,352,000 after purchasing an additional 1,891,042 shares during the period. Bank of America Corp DE boosted its position in shares of British American Tobacco by 29.5% in the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company's stock valued at $368,099,000 after acquiring an additional 1,578,860 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of British American Tobacco by 85.1% in the second quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company's stock valued at $130,515,000 after acquiring an additional 1,267,425 shares during the period. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BTI shares. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday, April 5th. Weiss Ratings upgraded shares of British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

British American Tobacco Price Performance

Shares of BTI opened at $57.39 on Thursday. The firm's 50 day simple moving average is $58.93 and its 200 day simple moving average is $57.27. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 1-year low of $40.12 and a 1-year high of $63.22.

British American Tobacco Announces Dividend

The business 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 $0.8349 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, December 29th.

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.

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