Capital Research Global Investors Has $1.17 Billion Stock Position in British American Tobacco p.l.c. $BTI

Key Points

• Capital Research Global Investors increased its stake in British American Tobacco by 2.6% in Q3 to 22,068,891 shares, a position worth approximately $1.17 billion (about 1.07% of the company) after acquiring 559,189 additional shares.
• British American Tobacco declared a quarterly dividend of $0.8349 per share (annualized $3.34), implying a 5.7% yield, with a record/ex-dividend date of December 29 and payment on February 8.
• Analyst sentiment is generally positive: eight analysts rate BTI a Buy and two rate it a Sell, giving a MarketBeat consensus of "Moderate Buy" and an average price target of $51.00.

Capital Research Global Investors lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,068,891 shares of the company's stock after acquiring an additional 559,189 shares during the period. Capital Research Global Investors owned approximately 1.07% of British American Tobacco worth $1,171,399,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BTI. City State Bank increased its holdings in shares of British American Tobacco by 10.5% during the third quarter. City State Bank now owns 2,105 shares of the company's stock worth $112,000 after purchasing an additional 200 shares during the period. Salem Investment Counselors Inc. boosted 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 valued at $34,000 after buying an additional 207 shares during the period. Western Wealth Management LLC grew its position in British American Tobacco by 2.5% during the second quarter. Western Wealth Management LLC now owns 8,656 shares of the company's stock worth $410,000 after buying an additional 208 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in British American Tobacco by 2.0% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company's stock worth $612,000 after acquiring an additional 222 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in British American Tobacco by 1.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company's stock valued at $915,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

BTI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of British American Tobacco in a research note on Friday, November 28th. Citigroup restated a "buy" rating on shares of British American Tobacco in a research report on Friday, November 28th. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley restated an "underweight" rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Finally, Kepler Capital Markets initiated coverage on British American Tobacco in a research note on Friday, December 12th. They set a "buy" rating for the company. Eight research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, British American Tobacco currently has a consensus rating of "Moderate Buy" and an average price target of $51.00.

British American Tobacco Stock Up 0.6%

Shares of BTI opened at $58.23 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 52 week low of $37.96 and a 52 week high of $63.22. The stock has a fifty day moving average of $59.13 and a 200-day moving average of $56.36.

British American Tobacco Announces Dividend

The company also recently declared 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.

British American Tobacco 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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