Teachers Retirement System of The State of Kentucky lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 27.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 555,030 shares of the company's stock after acquiring an additional 121,100 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in British American Tobacco were worth $22,961,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its stake in British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after purchasing an additional 280 shares during the period. 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 valued at $25,000 after acquiring an additional 305 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of British American Tobacco in the 4th quarter valued at about $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 valued at $26,000 after acquiring an additional 278 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after buying an additional 480 shares in the last quarter. Institutional investors own 16.16% of the company's stock.
British American Tobacco Price Performance
Shares of British American Tobacco stock traded up $0.07 on Wednesday, hitting $52.29. The company's stock had a trading volume of 2,482,659 shares, compared to its average volume of 5,336,695. British American Tobacco p.l.c. has a 1 year low of $33.18 and a 1 year high of $52.42. The firm has a fifty day moving average price of $47.17 and a 200-day moving average price of $42.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76. The company has a market capitalization of $107.85 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 4.77 and a beta of 0.33.
British American Tobacco Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be given 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%.
Analyst Ratings Changes
A number of equities analysts have commented on BTI shares. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Bank of America initiated coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. Barclays restated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Finally, Jefferies Financial Group started coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.
Check Out Our Latest Report on BTI
British American Tobacco Company Profile
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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.
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