British American Tobacco p.l.c. (NYSE:BTI) Holdings Lifted by Scotia Capital Inc.

Key Points

• Scotia Capital Inc. increased its stake in British American Tobacco by 33.0%, owning 51,411 shares valued at approximately $2.1 million after purchasing an additional 12,758 shares in the first quarter.
• Several hedge funds have also boosted their positions in British American Tobacco, with FMR LLC raising its stake by 44.0% and Bridgewater Associates LP increasing its stake by 261.7% in the last quarter.
• British American Tobacco recently declared a dividend of $0.7391 per share, resulting in a significant yield of 599.0%, despite a report suggesting a cautious outlook from analysts.

Scotia Capital Inc. lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 33.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,411 shares of the company's stock after acquiring an additional 12,758 shares during the quarter. Scotia Capital Inc.'s holdings in British American Tobacco were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after buying an additional 305 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after purchasing an additional 280 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of British American Tobacco in the 4th quarter worth about $26,000. Financial Management Professionals Inc. increased its position in shares of British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after purchasing an additional 278 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

BTI traded up $0.56 on Friday, hitting $57.25. 4,444,324 shares of the company's stock were exchanged, compared to its average volume of 5,929,268. The firm has a market cap of $117.92 billion, a PE ratio of 11.76, a P/E/G ratio of 2.25 and a beta of 0.38. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $57.29. The stock has a fifty day moving average of $50.26 and a two-hundred day moving average of $44.39. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

British American Tobacco Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 30th were paid a dividend of $0.7391 per share. The ex-dividend date was Friday, June 27th. This represents a yield of 599.0%. British American Tobacco's dividend payout ratio is 60.57%.

Analyst Ratings Changes

Several research firms have recently weighed in on BTI. Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. Finally, Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.