8,745 Shares in British American Tobacco p.l.c. (NYSE:BTI) Acquired by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,745 shares of the company's stock, valued at approximately $362,000.

A number of other institutional investors have also modified their holdings of the stock. PDS Planning Inc boosted its holdings in British American Tobacco by 15.5% in the 1st quarter. PDS Planning Inc now owns 6,916 shares of the company's stock valued at $286,000 after purchasing an additional 927 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in British American Tobacco by 104.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 3,381 shares of the company's stock worth $140,000 after acquiring an additional 1,731 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of British American Tobacco by 49.9% in the first quarter. Sequoia Financial Advisors LLC now owns 20,262 shares of the company's stock valued at $838,000 after purchasing an additional 6,744 shares in the last quarter. Phillips Wealth Planners LLC acquired a new stake in shares of British American Tobacco in the first quarter valued at approximately $213,000. Finally, Golden State Wealth Management LLC increased its stake in shares of British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BTI shares. Bank of America started coverage on British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating on the stock. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Barclays restated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $33.00.

British American Tobacco Trading Up 1.4%

Shares of BTI traded up $0.64 during mid-day trading on Wednesday, hitting $47.33. The company had a trading volume of 5,028,665 shares, compared to its average volume of 5,187,466. British American Tobacco p.l.c. has a 1-year low of $30.94 and a 1-year high of $49.58. The business's 50-day simple moving average is $45.37 and its 200-day simple moving average is $41.35. The stock has a market cap of $97.74 billion, a PE ratio of 9.72, a P/E/G ratio of 4.55 and a beta of 0.33. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

British American Tobacco Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be issued a $0.7391 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend yield of 5.99%. British American Tobacco's dividend payout ratio (DPR) is presently 60.78%.

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.