British American Tobacco p.l.c. (NYSE:BTI) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,946 shares of the company's stock after purchasing an additional 10,633 shares during the quarter. CWA Asset Management Group LLC's holdings in British American Tobacco were worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Financial Management Professionals Inc. increased its stake in 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 buying an additional 278 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in British American Tobacco during the 4th quarter worth $26,000. SRS Capital Advisors Inc. grew its holdings in shares of British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after buying an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at about $27,000. Finally, CX Institutional purchased a new position in shares of British American Tobacco in the first quarter worth about $34,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of BTI stock opened at $49.35 on Thursday. The firm's 50-day moving average is $44.29 and its two-hundred day moving average is $40.68. British American Tobacco p.l.c. has a 12 month low of $30.81 and a 12 month high of $49.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52. The company has a market capitalization of $102.00 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 4.09 and a beta of 0.31.

British American Tobacco Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be given a dividend of $0.7391 per share. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco's payout ratio is presently 65.09%.

Analysts Set New Price Targets

BTI has been the subject of several research reports. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.

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