Atlas Capital Advisors Inc. Purchases 4,825 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Key Points

• Atlas Capital Advisors Inc. significantly increased its holdings in British American Tobacco by 5,610.5%, acquiring an additional 4,825 shares in the first quarter, bringing its total to 4,911 shares valued at $203,000.
• Several other institutional investors have also raised their stakes in British American Tobacco, with notable increases from Park Avenue Securities LLC and Financial Management Professionals Inc. in Q1.
• Analysts have mixed ratings on British American Tobacco, with Jefferies and Bank of America setting "buy" ratings, while Wall Street Zen has downgraded their rating to "hold."

Atlas Capital Advisors Inc. lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 5,610.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,911 shares of the company's stock after buying an additional 4,825 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in British American Tobacco were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BTI. Rosenberg Matthew Hamilton grew its holdings 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 holdings 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 valued at $25,000 after purchasing an additional 305 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares during the last quarter. Mather Group LLC. grew its holdings in British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after purchasing an additional 480 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in British American Tobacco in the fourth quarter valued at $26,000. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 0.6%

NYSE BTI traded down $0.33 on Friday, reaching $57.09. The stock had a trading volume of 2,098,577 shares, compared to its average volume of 5,760,100. The business has a 50 day moving average price of $51.17 and a 200 day moving average price of $44.89. 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 p.l.c. has a 1 year low of $34.17 and a 1 year high of $58.46. The company has a market capitalization of $117.60 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 2.24 and a beta of 0.38.

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 given a dividend of $0.7391 per share. This represents a dividend yield of 599.0%. The ex-dividend date of this dividend was Friday, June 27th. British American Tobacco's payout ratio is currently 64.68%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America started coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating on the stock. Barclays restated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Jefferies Financial Group assumed coverage on British American Tobacco in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Morgan Stanley reiterated an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a report on Friday. Finally, Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, British American Tobacco currently has a consensus 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.