National Bank of Canada FI Decreases Stake in British American Tobacco p.l.c. $BTI

Key Points

• National Bank of Canada FI reduced its stake in British American Tobacco p.l.c. by 9.5%, owning 82,088 shares worth approximately $3.4 million after selling 8,588 shares in the first quarter.
• British American Tobacco has received mixed ratings from analysts, with one sell rating, one hold rating, and four buy ratings, leading to an average rating of "Moderate Buy" and a price target of $40.00.
• The company recently paid a dividend of $0.7391 per share, resulting in a yield of 599.0%, with a payout ratio of 64.68%.

National Bank of Canada FI decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,088 shares of the company's stock after selling 8,588 shares during the quarter. National Bank of Canada FI's holdings in British American Tobacco were worth $3,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in British American Tobacco by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock worth $2,979,000 after buying an additional 14,655 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of British American Tobacco during the 1st quarter valued at $375,000. Atria Wealth Solutions Inc. lifted its position in shares of British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock valued at $1,074,000 after buying an additional 5,745 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in British American Tobacco by 12.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company's stock worth $9,650,000 after purchasing an additional 24,962 shares in the last quarter. Finally, Essex LLC purchased a new stake in British American Tobacco during the 1st quarter worth about $292,000. Institutional investors own 16.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BTI. Jefferies Financial Group began coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Bank of America initiated coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating for the company. Finally, Morgan Stanley restated an "underweight" rating and issued a $40.00 target price on shares of British American Tobacco in a research note on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco presently has an average rating of "Moderate Buy" and an average price target of $40.00.

British American Tobacco Stock Performance

Shares of BTI traded down $0.3980 during trading hours on Tuesday, hitting $57.3220. The stock had a trading volume of 1,064,014 shares, compared to its average volume of 5,726,415. The firm has a market capitalization of $118.07 billion, a PE ratio of 11.76, a PEG ratio of 2.24 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The stock has a fifty day moving average price of $51.55 and a 200 day moving average price of $45.22. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $58.46.

British American Tobacco Cuts Dividend

The business also recently announced 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. The ex-dividend date was Friday, June 27th. This represents a yield of 599.0%. British American Tobacco's payout ratio is 60.57%.

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.