British American Tobacco p.l.c. $BTI Stock Position Lifted by Assetmark Inc.

Key Points

• Assetmark Inc. increased its stake in British American Tobacco by 4.3% in Q4, owning 557,887 shares valued at about $31.6 million after buying an additional 23,141 shares.
• British American Tobacco declared a quarterly dividend of $0.8349 (annualized $3.34) implying a 5.8% yield, payable Feb. 8 with record/ex-dividend date listed as Dec. 29.
• Analysts have a consensus rating of "Moderate Buy" with an average target price of $51.00, while the stock recently traded around $57.49 (12‑month range $40.12–$63.22).

Assetmark Inc. lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 557,887 shares of the company's stock after purchasing an additional 23,141 shares during the quarter. Assetmark Inc.'s holdings in British American Tobacco were worth $31,588,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transcend Capital Advisors LLC lifted its holdings in shares of British American Tobacco by 30.9% in the fourth quarter. Transcend Capital Advisors LLC now owns 14,276 shares of the company's stock valued at $808,000 after buying an additional 3,370 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of British American Tobacco by 1.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 288,615 shares of the company's stock valued at $16,341,000 after buying an additional 3,676 shares during the period. Choreo LLC lifted its holdings in shares of British American Tobacco by 13.9% in the fourth quarter. Choreo LLC now owns 27,081 shares of the company's stock valued at $1,531,000 after buying an additional 3,299 shares during the period. HF Advisory Group LLC lifted its holdings in shares of British American Tobacco by 16.1% in the fourth quarter. HF Advisory Group LLC now owns 48,054 shares of the company's stock valued at $2,721,000 after buying an additional 6,652 shares during the period. Finally, Factory Mutual Insurance Co. lifted its holdings in shares of British American Tobacco by 170.6% in the fourth quarter. Factory Mutual Insurance Co. now owns 173,589 shares of the company's stock valued at $9,829,000 after buying an additional 109,444 shares during the period. Institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $57.49 on Wednesday. British American Tobacco p.l.c. has a 12 month low of $40.12 and a 12 month high of $63.22. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $59.71 and a 200-day simple moving average of $56.92.

British American Tobacco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be paid a $0.8349 dividend. This represents a $3.34 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, December 29th.

Wall Street Analyst Weigh In

BTI has been the subject of several research analyst reports. Weiss Ratings upgraded British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a report on Sunday, April 5th. Eight research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.00.

British American Tobacco Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.