Alteri Wealth LLC Takes $205,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Key Points

• Alteri Wealth LLC has invested $205,000 in British American Tobacco, acquiring 4,945 shares in the first quarter, according to their recent SEC filing.
• Multiple institutional investors, including Rosenberg Matthew Hamilton and Golden State Wealth Management LLC, have significantly increased their stakes in British American Tobacco during the same period.
• The stock has a current consensus rating of "Moderate Buy" and a price target of $33.00, with recent analyst activity indicating mixed opinions on the stock's performance.

Alteri Wealth LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,945 shares of the company's stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTI. HB Wealth Management LLC boosted its position in British American Tobacco by 47.3% during the first quarter. HB Wealth Management LLC now owns 10,156 shares of the company's stock worth $420,000 after purchasing an additional 3,259 shares in the last quarter. Nicholas Wealth LLC. boosted its position in British American Tobacco by 5.5% during the first quarter. Nicholas Wealth LLC. now owns 23,641 shares of the company's stock worth $978,000 after purchasing an additional 1,234 shares in the last quarter. Cetera Investment Advisers boosted its position in British American Tobacco by 14.4% during the first quarter. Cetera Investment Advisers now owns 200,589 shares of the company's stock worth $8,298,000 after purchasing an additional 25,208 shares in the last quarter. Journey Strategic Wealth LLC purchased a new stake in British American Tobacco during the first quarter worth $209,000. Finally, Financial & Tax Architects LLC boosted its position in British American Tobacco by 6.5% during the first quarter. Financial & Tax Architects LLC now owns 17,250 shares of the company's stock worth $714,000 after purchasing an additional 1,051 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Up 0.9%

BTI traded up $0.49 on Wednesday, reaching $53.26. The company's stock had a trading volume of 6,840,883 shares, compared to its average volume of 5,822,995. The stock has a market cap of $109.86 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 4.79 and a beta of 0.33. British American Tobacco p.l.c. has a 1 year low of $34.12 and a 1 year high of $53.48. 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 business's 50 day moving average is $48.60 and its 200 day moving average is $43.32.

British American Tobacco Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.7391 per share. This represents a yield of 5.99%. The ex-dividend date of this dividend is Friday, June 27th. British American Tobacco's dividend payout ratio is presently 60.78%.

Wall Street Analyst Weigh In

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

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.