J.W. Cole Advisors Inc. Acquires New Position in British American Tobacco p.l.c. (NYSE:BTI)

J.W. Cole Advisors Inc. acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 35,262 shares of the company's stock, valued at approximately $1,459,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTI. Golden State Wealth Management LLC grew its position 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 worth $25,000 after purchasing an additional 305 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after purchasing an additional 280 shares during the last quarter. Ameriflex Group Inc. purchased a new position in British American Tobacco during the 4th quarter worth $26,000. Financial Management Professionals Inc. grew its position 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 purchasing an additional 278 shares during the last quarter. Finally, Mather Group LLC. grew its position 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 purchasing an additional 480 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

NYSE:BTI traded down $0.36 during mid-day trading on Friday, reaching $52.26. The stock had a trading volume of 4,471,287 shares, compared to its average volume of 6,016,040. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76. The firm has a market capitalization of $107.79 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 4.83 and a beta of 0.33. British American Tobacco p.l.c. has a twelve month low of $34.12 and a twelve month high of $52.98. The business has a 50 day simple moving average of $48.27 and a 200 day simple moving average of $43.10.

British American Tobacco Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BTI. Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating on the stock. Jefferies Financial Group began coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Barclays restated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, British American Tobacco currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Company 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.