Factory Mutual Insurance Co. Purchases 109,444 Shares of British American Tobacco p.l.c. $BTI

Key Points

• Factory Mutual Insurance Co. boosted its stake in British American Tobacco by 170.6% in Q4, buying 109,444 shares to hold 173,589 shares worth about $9.83 million.
• British American Tobacco announced a quarterly dividend of $0.8349 (annualized $3.34), implying a 5.7% yield with an ex-dividend date of Dec. 29 and payment on Feb. 8.
• The stock carries a consensus rating of “Moderate Buy” (eight Buys, two Sells) with a $51 average price target, and has recently traded near $58.81 within a one-year range of $40.12–$63.22.

Factory Mutual Insurance Co. boosted its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 170.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,589 shares of the company's stock after buying an additional 109,444 shares during the period. Factory Mutual Insurance Co.'s holdings in British American Tobacco were worth $9,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. City State Bank increased its stake in British American Tobacco by 10.5% during the 3rd quarter. City State Bank now owns 2,105 shares of the company's stock valued at $112,000 after purchasing an additional 200 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in British American Tobacco by 48.6% during the 3rd quarter. Salem Investment Counselors Inc. now owns 633 shares of the company's stock valued at $34,000 after purchasing an additional 207 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 valued at $612,000 after purchasing an additional 222 shares in the last quarter. Ariadne Wealth Management LP increased its stake in British American Tobacco by 3.6% during the 3rd quarter. Ariadne Wealth Management LP now owns 6,530 shares of the company's stock valued at $356,000 after purchasing an additional 225 shares in the last quarter. Finally, MBA Advisors LLC increased its stake in British American Tobacco by 4.0% during the 3rd quarter. MBA Advisors LLC now owns 6,319 shares of the company's stock valued at $335,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BTI. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a report on Sunday, April 5th. Weiss Ratings raised 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

British American Tobacco Trading Down 0.1%

NYSE BTI opened at $58.81 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $59.85 and a 200-day moving average price of $56.81. British American Tobacco p.l.c. has a 1 year low of $40.12 and a 1 year high of $63.22.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Stockholders 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 annualized dividend and a dividend yield of 5.7%.

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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