HF Advisory Group LLC Has $3.57 Million Holdings in British American Tobacco p.l.c. $BTI

Key Points

• HF Advisory Group LLC boosted its stake in British American Tobacco by 52.3% in Q4 to 63,053 shares, valued at approximately $3.57 million at the end of the period.
• BTI has a consensus rating of "Moderate Buy" with a $51.00 target (eight Buy vs. two Sell) and several recent analyst upgrades from firms including Wall Street Zen, Kepler and Weiss.
• The company announced a quarterly dividend of $0.8349 per share (annualized $3.34), implying a 5.8% yield; the ex-dividend date was Dec. 29 and the dividend was paid on Feb. 8.

HF Advisory Group LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,053 shares of the company's stock after purchasing an additional 21,651 shares during the period. HF Advisory Group LLC's holdings in British American Tobacco were worth $3,570,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC acquired a new stake in shares of British American Tobacco in the third quarter valued at approximately $1,612,000. Lockheed Martin Investment Management Co. boosted its holdings in British American Tobacco by 44.3% during the third quarter. Lockheed Martin Investment Management Co. now owns 421,800 shares of the company's stock worth $22,389,000 after purchasing an additional 129,500 shares during the last quarter. Truist Financial Corp grew its position in British American Tobacco by 6.0% in the third quarter. Truist Financial Corp now owns 427,284 shares of the company's stock valued at $22,680,000 after purchasing an additional 24,114 shares in the last quarter. AdvisorShares Investments LLC grew its position in British American Tobacco by 252.5% in the third quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company's stock valued at $1,319,000 after purchasing an additional 17,798 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in British American Tobacco by 8.7% in the 3rd quarter. Federated Hermes Inc. now owns 3,779,137 shares of the company's stock valued at $200,597,000 after buying an additional 303,136 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BTI shares. Wall Street Zen upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Kepler Capital Markets started coverage on British American Tobacco in a report on Friday, December 12th. They set a "buy" rating on the stock. Morgan Stanley restated an "underweight" rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Finally, Weiss Ratings raised British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, British American Tobacco has a consensus rating of "Moderate Buy" and a consensus target price of $51.00.

British American Tobacco Stock Down 0.9%

Shares of BTI stock opened at $57.94 on Thursday. British American Tobacco p.l.c. has a 52-week low of $37.96 and a 52-week high of $63.22. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The firm's 50-day moving average is $59.97 and its 200-day moving average is $56.62.

British American Tobacco Dividend Announcement

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 paid a dividend of $0.8349 per share. This represents a $3.34 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, December 29th.

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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