Vestmark Advisory Solutions Inc. Has $4.61 Million Holdings in British American Tobacco p.l.c. $BTI

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in British American Tobacco by 179.5% during the first quarter, ending up with 111,454 shares valued at approximately $4.61 million.
• The company's recent dividend of $0.7391 per share yielded 599.0%, with a dividend payout ratio of 64.68%.
• Analyst ratings for British American Tobacco include a mix of buy and hold ratings, with a consensus price target set at $33.00.

Vestmark Advisory Solutions Inc. raised its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 179.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,454 shares of the company's stock after buying an additional 71,584 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in British American Tobacco were worth $4,611,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Rosenberg Matthew Hamilton increased its position in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after acquiring an additional 280 shares during the period. Golden State Wealth Management LLC grew its position 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 purchasing an additional 305 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in shares of British American Tobacco by 78.5% during 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 period. Mather Group LLC. raised its position in shares of British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after buying an additional 480 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of British American Tobacco in the fourth quarter valued at about $26,000. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

British American Tobacco stock traded up $1.5450 during trading hours on Wednesday, hitting $59.0150. 4,823,376 shares of the stock were exchanged, compared to its average volume of 4,989,676. The stock has a market capitalization of $121.56 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.31 and a beta of 0.38. The business's 50-day moving average is $51.96 and its two-hundred day moving average is $45.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $59.15.

British American Tobacco Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 30th were issued a dividend of $0.7391 per share. This represents a yield of 599.0%. The ex-dividend date of this dividend was Friday, June 27th. British American Tobacco's dividend payout ratio (DPR) is currently 64.68%.

Wall Street Analysts Forecast Growth

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