British American Tobacco p.l.c. $BTI Holdings Boosted by Brooklyn Investment Group

Key Points

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Brooklyn Investment Group grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 710.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,485 shares of the company's stock after buying an additional 10,944 shares during the period. Brooklyn Investment Group's holdings in British American Tobacco were worth $516,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lockheed Martin Investment Management Co. increased its position in shares of British American Tobacco by 27.7% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company's stock valued at $5,833,000 after purchasing an additional 30,600 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of British American Tobacco by 21.8% during the 4th quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock valued at $2,979,000 after acquiring an additional 14,655 shares during the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of British American Tobacco during the 1st quarter valued at about $375,000. Atria Wealth Solutions Inc. raised its holdings in shares of British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock valued at $1,074,000 after buying an additional 5,745 shares in the last quarter. Finally, Todd Asset Management LLC increased its stake in British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock worth $30,692,000 after purchasing an additional 157,251 shares during the period. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

British American Tobacco stock traded down $0.7950 during mid-day trading on Friday, reaching $58.4750. 4,833,464 shares of the company were exchanged, compared to its average volume of 5,007,033. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. The firm's 50-day simple moving average is $52.37 and its two-hundred day simple moving average is $45.72. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The firm has a market cap of $120.44 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.35 and a beta of 0.38.

British American Tobacco Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th were issued a dividend of $0.7391 per share. This represents a dividend yield of 599.0%. The ex-dividend date was Friday, June 27th. British American Tobacco's dividend payout ratio is presently 64.68%.

Wall Street Analyst Weigh In

BTI has been the topic of a number of research analyst reports. Bank of America began coverage on British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating on the stock. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Jefferies Financial Group assumed coverage on British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Morgan Stanley restated an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Finally, Barclays restated an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $40.00.

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.