FORA Capital LLC Makes New $1.46 Million Investment in British American Tobacco p.l.c. $BTI

Key Points

• FORA Capital LLC acquired a new stake of 27,448 shares in British American Tobacco (NYSE:BTI) during Q3, valued at about $1.46 million.
• British American Tobacco declared a quarterly dividend of $0.8349 (annualized $3.34), reflecting a 5.6% yield; the ex‑dividend/record date is Dec 29 and the payment is set for Feb 8.
• Analysts have an average rating of "Moderate Buy" on BTI with a consensus price target of $51, which is below the recent trading level near $60.

FORA Capital LLC acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,448 shares of the company's stock, valued at approximately $1,457,000.

Several other institutional investors have also modified their holdings of BTI. Glenmede Investment Management LP increased its stake in shares of British American Tobacco by 3.0% during the third quarter. Glenmede Investment Management LP now owns 12,338 shares of the company's stock worth $655,000 after purchasing an additional 364 shares in the last quarter. Boston Partners boosted its holdings in British American Tobacco by 83.1% in the 3rd quarter. Boston Partners now owns 101,019 shares of the company's stock worth $5,362,000 after buying an additional 45,841 shares during the last quarter. Marshall Wace LLP purchased a new stake in British American Tobacco during the 3rd quarter worth approximately $18,033,000. GeoWealth Management LLC raised its holdings in shares of British American Tobacco by 8.2% during the third quarter. GeoWealth Management LLC now owns 11,909 shares of the company's stock valued at $632,000 after acquiring an additional 904 shares during the last quarter. Finally, Vise Technologies Inc. boosted its stake in shares of British American Tobacco by 15.5% in the third quarter. Vise Technologies Inc. now owns 37,761 shares of the company's stock worth $2,004,000 after acquiring an additional 5,058 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

NYSE BTI opened at $59.93 on Friday. 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 stock's fifty day moving average is $59.37 and its two-hundred day moving average is $56.42. British American Tobacco p.l.c. has a fifty-two week low of $37.96 and a fifty-two week high of $63.22.

British American Tobacco Dividend Announcement

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%.

Analysts Set New Price Targets

BTI has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of British American Tobacco in a research note on Friday, November 28th. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of British American Tobacco in a research report on Friday, November 28th. Morgan Stanley reissued an "underweight" rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Finally, Kepler Capital Markets started coverage on shares of British American Tobacco in a research note on Friday, December 12th. They set a "buy" rating for the company. Eight investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, British American Tobacco presently has an average rating of "Moderate Buy" and a consensus price target of $51.00.

About British American Tobacco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.