Atria Wealth Solutions Inc. grew its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,726 shares of the company's stock after purchasing an additional 5,745 shares during the period. Atria Wealth Solutions Inc.'s holdings in British American Tobacco were worth $1,074,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Capital International Investors boosted its position in shares of British American Tobacco by 17.1% in the fourth 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 during the period. Capital Research Global Investors boosted its position in shares of British American Tobacco by 0.3% in the fourth 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 during the period. Bridgewater Associates LP boosted its position in shares of British American Tobacco by 261.7% in the fourth 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 during the period. Northern Trust Corp grew its holdings in shares of British American Tobacco by 33.6% during the fourth quarter. Northern Trust Corp now owns 2,438,016 shares of the company's stock worth $88,549,000 after purchasing an additional 612,907 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of British American Tobacco by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 1,447,083 shares of the company's stock worth $59,866,000 after purchasing an additional 42,531 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BTI has been the topic of several research analyst reports. Barclays restated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Bank of America initiated coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating on the stock. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.
Check Out Our Latest Stock Report on BTI
British American Tobacco Price Performance
Shares of British American Tobacco stock opened at $58.32 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $120.12 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The business's 50-day moving average price is $50.52 and its 200-day moving average price is $44.59. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $58.35.
British American Tobacco Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th were issued a $0.7391 dividend. The ex-dividend date was Friday, June 27th. This represents a dividend yield of 599.0%. British American Tobacco's payout ratio is currently 64.68%.
British American Tobacco Company Profile
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Free Report)
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.
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