Prime Capital Investment Advisors LLC Buys 19,446 Shares of British American Tobacco p.l.c. $BTI

Key Points

• Prime Capital Investment Advisors LLC boosted its stake in British American Tobacco by 284.8% in Q4, acquiring an additional 19,446 shares to hold 26,274 shares worth about $1.49 million.
• Several large institutions — including Capital International, Capital Research, Orbis Allan Gray, Capital World Investors and Bank of America — also increased positions, with institutional investors owning 16.16% of BTI.
• BTI declared a quarterly dividend of $0.8349 (annualized $3.34) for a yield of about 5.7%, and analysts rate the stock a consensus "Moderate Buy" with an average price target of $51.00.

Prime Capital Investment Advisors LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 284.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,274 shares of the company's stock after acquiring an additional 19,446 shares during the period. Prime Capital Investment Advisors LLC's holdings in British American Tobacco were worth $1,488,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Capital International Investors boosted its holdings in British American Tobacco by 3.0% in the third quarter. Capital International Investors now owns 64,057,419 shares of the company's stock valued at $3,399,352,000 after acquiring an additional 1,891,042 shares in the last quarter. Capital Research Global Investors boosted its holdings in British American Tobacco by 2.6% in the third quarter. Capital Research Global Investors now owns 22,068,891 shares of the company's stock valued at $1,171,399,000 after acquiring an additional 559,189 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in British American Tobacco by 20.7% in the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company's stock valued at $686,473,000 after acquiring an additional 2,482,737 shares in the last quarter. Capital World Investors lifted its position in British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company's stock valued at $502,687,000 after buying an additional 9,397,693 shares during the period. Finally, Bank of America Corp DE lifted its position in British American Tobacco by 29.5% during the third quarter. Bank of America Corp DE now owns 6,934,792 shares of the company's stock valued at $368,099,000 after buying an additional 1,578,860 shares during the period. Institutional investors own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

BTI has been the subject of several recent research reports. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday, April 5th. Weiss Ratings raised British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, British American Tobacco presently has an average rating of "Moderate Buy" and an average price target of $51.00.

British American Tobacco Trading Down 0.1%

BTI opened at $58.81 on Friday. The stock has a 50-day moving average price of $59.85 and a 200-day moving average price of $56.81. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 1 year low of $40.12 and a 1 year high of $63.22.

British American Tobacco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be given a $0.8349 dividend. This represents a $3.34 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, December 29th.

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.

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI - Free Report).

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.