Arkadios Wealth Advisors Acquires Shares of 38,467 British American Tobacco p.l.c. (NYSE:BTI)

Key Points

• Arkadios Wealth Advisors has acquired 38,467 shares of British American Tobacco p.l.c., valued at approximately $1,591,000, indicating a growing interest from institutional investors in the company's stock.
• Significant increases in holdings were reported by other investors, with Capital International Investors boosting its position by 17.1% and Bank of Montreal Can increasing its stake by 2,565.4% in the last quarter.
• British American Tobacco recently declared a dividend of $0.7391, translating to a hefty dividend yield of 599.0%, despite the company also cutting its dividend payouts.

Arkadios Wealth Advisors purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 38,467 shares of the company's stock, valued at approximately $1,591,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors grew its holdings in shares of British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock valued at $1,411,179,000 after acquiring an additional 5,673,619 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of British American Tobacco by 0.3% in the 4th quarter. Capital Research Global Investors now owns 15,594,361 shares of the company's stock valued at $566,381,000 after acquiring an additional 47,439 shares in the last quarter. FMR LLC grew its holdings in shares of British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock valued at $371,641,000 after acquiring an additional 3,127,046 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of British American Tobacco by 261.7% in the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock valued at $97,388,000 after acquiring an additional 1,940,035 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of British American Tobacco by 33.6% in the 4th quarter. Northern Trust Corp now owns 2,438,016 shares of the company's stock valued at $88,549,000 after acquiring an additional 612,907 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of NYSE BTI traded up $1.19 during midday trading on Monday, reaching $55.54. The company's stock had a trading volume of 6,574,502 shares, compared to its average volume of 6,245,122. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a fifty-two week low of $34.12 and a fifty-two week high of $55.95. The business's 50 day moving average price is $49.14 and its two-hundred day moving average price is $43.76. The company has a market cap of $114.57 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.13 and a beta of 0.38.

British American Tobacco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be given a $0.7391 dividend. This represents a dividend yield of 599.0%. The ex-dividend date is Friday, June 27th. British American Tobacco's payout ratio is presently 60.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BTI shares. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Bank of America started coverage on British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating for the company. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Jefferies Financial Group began coverage on British American Tobacco in a report on Wednesday, July 9th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.