Free Trial

Mesirow Financial Investment Management Inc. Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

British American Tobacco logo with Consumer Staples background

Key Points

  • Mesirow Financial Investment Management Inc. has invested $256,000 in British American Tobacco p.l.c., acquiring 6,199 shares during the first quarter.
  • British American Tobacco has seen significant increases in holdings from several institutional investors, including Capital International Investors and FMR LLC, indicating strong interest in the stock.
  • The company's stock has a current average rating of "Moderate Buy" with a consensus target price of $33.00, despite a recent downgrade from Wall Street Zen.
  • MarketBeat previews top five stocks to own in September.

Mesirow Financial Investment Management Inc. acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,199 shares of the company's stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also modified their holdings of BTI. Rosenberg Matthew Hamilton raised its position in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after buying an additional 280 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of British American Tobacco by 100.0% in 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. Ameriflex Group Inc. bought a new stake in shares of British American Tobacco in the 4th quarter worth approximately $26,000. Financial Management Professionals Inc. raised its holdings in shares of British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after purchasing an additional 278 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after purchasing an additional 480 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 2.2%

BTI traded up $1.19 on Monday, reaching $55.54. 6,574,502 shares of the company traded hands, compared to its average volume of 6,245,122. The stock's 50 day moving average price is $49.14 and its 200-day moving average price is $43.76. British American Tobacco p.l.c. has a 52-week low of $34.12 and a 52-week high of $55.95. The company has a market cap of $114.57 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.13 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

British American Tobacco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be given a $0.7391 dividend. This represents a yield of 599.0%. The ex-dividend date of this dividend is Friday, June 27th. British American Tobacco's payout ratio is currently 60.78%.

Wall Street Analyst Weigh In

A number of analysts recently commented on BTI shares. 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. Bank of America started coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating on the stock. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

Get Our Latest Report on British American Tobacco

British American Tobacco Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

Should You Invest $1,000 in British American Tobacco Right Now?

Before you consider British American Tobacco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and British American Tobacco wasn't on the list.

While British American Tobacco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines