Charles Schwab Investment Management Inc. Has $7.70 Million Position in British American Tobacco p.l.c. $BTI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in British American Tobacco by 16.8%, owning a total of 186,084 shares valued at approximately $7.7 million as of the end of the first quarter.
• Several other institutional investors also expanded their positions in British American Tobacco, with Rosenberg Matthew Hamilton boosting its holdings by 87.0% during the same period.
• British American Tobacco recently declared a dividend with a yield of 599.0%, despite facing a decline in its stock price, which was down 0.7% to $57.38.

Charles Schwab Investment Management Inc. lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,084 shares of the company's stock after buying an additional 26,721 shares during the period. Charles Schwab Investment Management Inc.'s holdings in British American Tobacco were worth $7,698,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its holdings in British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after purchasing an additional 280 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock valued at $25,000 after acquiring an additional 305 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after acquiring an additional 278 shares in the last quarter. Mather Group LLC. grew its stake in shares of British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after acquiring an additional 480 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of British American Tobacco during the fourth quarter valued at about $26,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

British American Tobacco stock traded up $0.64 during mid-day trading on Friday, hitting $56.85. The company's stock had a trading volume of 3,810,494 shares, compared to its average volume of 4,623,288. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $117.09 billion, a P/E ratio of 11.67, a P/E/G ratio of 2.28 and a beta of 0.38. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29. The stock's fifty day moving average price is $53.16 and its two-hundred day moving average price is $46.20.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BTI. Morgan Stanley reaffirmed an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a report on Friday, August 15th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Jefferies Financial Group started coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Finally, Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

British American Tobacco Profile

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.