Capital International Inc. CA Has $60.30 Million Holdings in British American Tobacco p.l.c. $BTI

Key Points

• Capital International Inc. CA boosted its stake in British American Tobacco by 69.1% in Q3, acquiring 464,071 shares to hold 1,136,066 shares valued at about $60.30 million (≈0.06% of the company).
• Dividend announced: a quarterly payout of $0.8349 per share (annualized $3.34) implying a 5.7% yield, with record/ex-dividend date on December 29 and payment on February 8.
• Analyst view: the stock has a consensus "Moderate Buy" rating with an average target of $51.00, backed by eight Buy and two Sell ratings and several recent upgrades.

Capital International Inc. CA lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 69.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,136,066 shares of the company's stock after acquiring an additional 464,071 shares during the quarter. Capital International Inc. CA owned approximately 0.06% of British American Tobacco worth $60,302,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in shares of British American Tobacco in the third quarter valued at approximately $29,000. Cary Street Partners Financial LLC bought a new position in shares of British American Tobacco during the second quarter valued at $30,000. Salem Investment Counselors Inc. grew its stake in shares of British American Tobacco by 48.6% in the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company's stock worth $34,000 after purchasing an additional 207 shares during the last quarter. Westside Investment Management Inc. raised its position in British American Tobacco by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company's stock worth $41,000 after purchasing an additional 391 shares during the last quarter. Finally, City Holding Co. bought a new position in shares of British American Tobacco during the third quarter worth about $42,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

Shares of BTI opened at $58.23 on Tuesday. British American Tobacco p.l.c. has a fifty-two week low of $37.96 and a fifty-two week high of $63.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The business has a 50-day moving average of $59.13 and a 200 day moving average of $56.36.

British American Tobacco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be paid a dividend of $0.8349 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, December 29th.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BTI shares. Kepler Capital Markets started coverage on shares of British American Tobacco in a report on Friday, December 12th. They set a "buy" rating for the company. Weiss Ratings raised shares of British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. Citigroup reaffirmed a "buy" rating on shares of British American Tobacco in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Wall Street Zen upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Saturday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, British American Tobacco currently has a consensus rating of "Moderate Buy" and an average target price of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world's largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT's core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.

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