Capital Wealth Planning LLC Invests $9.30 Million in British American Tobacco p.l.c. $BTI

Key Points

• Capital Wealth Planning LLC purchased a new stake of 175,224 shares in British American Tobacco (BTI) during Q3, valued at approximately $9.3 million.
• British American Tobacco announced a quarterly dividend of $0.8349 per share (annualized $3.34), implying a 5.6% yield; the record/ex-dividend date is December 29 and the payment is scheduled for February 8.
• Analyst sentiment is a “Moderate Buy” with eight Buy and two Sell ratings and a consensus price target of $51, while the stock recently traded near $59.93 with a 52-week range of $37.96–$63.22.

Capital Wealth Planning LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 175,224 shares of the company's stock, valued at approximately $9,301,000.

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

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $59.93 on Friday. British American Tobacco p.l.c. has a 52-week low of $37.96 and a 52-week high of $63.22. The business has a fifty day moving average of $59.37 and a two-hundred day moving average of $56.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

British American Tobacco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be issued a $0.8349 dividend. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.6%.

Wall Street Analyst Weigh In

BTI has been the topic of a number of research reports. Citigroup restated a "buy" rating on shares of British American Tobacco in a report on Friday, November 28th. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Morgan Stanley reissued an "underweight" rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Weiss Ratings upgraded shares of British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, British American Tobacco has an average rating of "Moderate Buy" and a consensus price target 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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