Lockheed Martin Investment Management Co. Has $5.83 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Key Points

• Lockheed Martin Investment Management Co. has increased its holdings in British American Tobacco by 27.7%, bringing its total shares to 141,000 valued at approximately $5.83 million.
• Other institutional investors have also raised their stakes, with notable increases from BNP Paribas Financial Markets and Citizens National Bank Trust Department, indicating a growing interest in the company.
dividend payout of $0.7391 per share, with a significant yield of 599.0%, despite a dividend payout ratio of 60.57%.

Lockheed Martin Investment Management Co. increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,000 shares of the company's stock after buying an additional 30,600 shares during the period. Lockheed Martin Investment Management Co.'s holdings in British American Tobacco were worth $5,833,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton increased its stake in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after acquiring an additional 280 shares during the period. Golden State Wealth Management LLC boosted its stake in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after buying an additional 305 shares in the last quarter. Ameriflex Group Inc. bought a new stake in British American Tobacco in the 4th quarter valued at $26,000. Financial Management Professionals Inc. boosted its position in shares of British American Tobacco by 78.5% during the 1st 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. Finally, Mather Group LLC. increased its stake in British American Tobacco by 292.7% in 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 during the period. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 0.6%

NYSE BTI traded up $0.32 on Thursday, reaching $57.43. The company had a trading volume of 2,424,218 shares, compared to its average volume of 5,518,418. The company's fifty day moving average is $51.17 and its 200-day moving average is $44.89. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $58.46. The firm has a market capitalization of $118.29 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 2.24 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

British American Tobacco Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 30th were paid a $0.7391 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a dividend yield of 599.0%. British American Tobacco's dividend payout ratio (DPR) is currently 64.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. 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. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Bank of America began coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $33.00.

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.