British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by Souders Financial Advisors

Souders Financial Advisors lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 186.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,336 shares of the company's stock after acquiring an additional 11,294 shares during the period. Souders Financial Advisors' holdings in British American Tobacco were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BTI. Rosenberg Matthew Hamilton increased its position in British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after buying an additional 280 shares during the period. Golden State Wealth Management LLC increased its position in British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after buying an additional 305 shares during the period. Ameriflex Group Inc. acquired a new stake in British American Tobacco in the fourth quarter worth $26,000. Financial Management Professionals Inc. increased its position in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after buying an additional 278 shares during the period. Finally, Mather Group LLC. increased its position in British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after buying an additional 480 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.5%

NYSE:BTI opened at $51.61 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 1-year low of $33.18 and a 1-year high of $52.38. The firm has a market capitalization of $106.46 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 4.75 and a beta of 0.33. The stock has a fifty day simple moving average of $47.17 and a 200 day simple moving average of $42.56.

British American Tobacco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be paid a $0.7391 dividend. This represents a yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco's dividend payout ratio is currently 60.78%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Friday. Jefferies Financial Group assumed coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

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.

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