British American Tobacco p.l.c. $BTI Shares Bought by Capital World Investors

Key Points

• Capital World Investors boosted its stake in British American Tobacco by 12,870.7% in Q3 to 9,470,709 shares (about 0.46% ownership) worth roughly $502.7 million.
• British American Tobacco declared a quarterly dividend of $0.8349 per share (annualized $3.34), implying a 5.6% yield, with the ex‑dividend/record date on Dec. 29 and payment scheduled for Feb. 8.
• Analysts' consensus is a Moderate Buy with an average price target of $51.00, based on eight Buy ratings versus two Sell ratings.

Capital World Investors lifted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 12,870.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,470,709 shares of the company's stock after purchasing an additional 9,397,693 shares during the quarter. Capital World Investors owned about 0.46% of British American Tobacco worth $502,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in British American Tobacco during the 3rd quarter worth about $29,000. Cary Street Partners Financial LLC acquired a new position in British American Tobacco during the second quarter worth $30,000. Salem Investment Counselors Inc. boosted its holdings in British American Tobacco by 48.6% in the 3rd quarter. Salem Investment Counselors Inc. now owns 633 shares of the company's stock worth $34,000 after buying an additional 207 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of British American Tobacco by 100.0% in the third quarter. Westside Investment Management Inc. now owns 782 shares of the company's stock worth $41,000 after acquiring an additional 391 shares during the last quarter. Finally, City Holding Co. purchased a new stake in shares of British American Tobacco during the third quarter worth $42,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of British American Tobacco in a research note on Friday, November 28th. Weiss Ratings raised British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a report on Saturday. Kepler Capital Markets started coverage on British American Tobacco in a report on Friday, December 12th. They set a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of British American Tobacco in a research note on Friday, November 28th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.00.

British American Tobacco Trading Up 2.0%

BTI stock opened at $59.48 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 1 year low of $37.96 and a 1 year high of $63.22. The business's 50-day moving average is $59.18 and its two-hundred day moving average is $56.36.

British American Tobacco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be given a dividend of $0.8349 per share. The ex-dividend date is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.6%.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world's largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT's core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.

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