Rossby Financial LCC Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Rossby Financial LCC acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,479 shares of the company's stock, valued at approximately $230,000.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake 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 buying an additional 305 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after acquiring an additional 525 shares during the last quarter. Ameriflex Group Inc. purchased a new position in British American Tobacco in the fourth quarter worth about $26,000. Financial Management Professionals Inc. increased its stake in British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after acquiring an additional 278 shares during the last quarter. Finally, Mather Group LLC. raised its position in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after purchasing an additional 480 shares during the period. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BTI shares. Bank of America began coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating for the company. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th. Finally, Barclays reiterated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, British American Tobacco presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Trading Up 2.1%

Shares of NYSE:BTI traded up $0.99 during trading hours on Thursday, hitting $48.35. 4,316,140 shares of the company's stock traded hands, compared to its average volume of 5,198,538. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52. The business has a fifty day moving average price of $45.47 and a 200-day moving average price of $41.39. British American Tobacco p.l.c. has a 1 year low of $31.35 and a 1 year high of $49.58. The firm has a market capitalization of $99.84 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 4.48 and a beta of 0.33.

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 paid a $0.7391 dividend. The ex-dividend date is Friday, June 27th. This represents a yield of 5.99%. British American Tobacco's payout ratio is 60.78%.

British American Tobacco Company 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.