TrueMark Investments LLC Has $9.81 Million Stake in British American Tobacco p.l.c. $BTI

Key Points

• TrueMark Investments boosted its stake in British American Tobacco (NYSE:BTI) by 12.3%, adding 18,977 shares to hold 173,168 shares worth about $9.81 million, representing 1.9% of TrueMark's portfolio and its 11th largest holding.
• Analysts have a consensus rating of "Moderate Buy" on BTI with an average price target of $51.00, based on eight Buy ratings and two Sell ratings.
• British American Tobacco recently declared a quarterly dividend of $0.8349 (annualized $3.34), equating to a 5.8% dividend yield, with an ex-dividend date of December 29.

TrueMark Investments LLC boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,168 shares of the company's stock after purchasing an additional 18,977 shares during the period. British American Tobacco comprises about 1.9% of TrueMark Investments LLC's portfolio, making the stock its 11th largest holding. TrueMark Investments LLC's holdings in British American Tobacco were worth $9,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of British American Tobacco in the 3rd quarter valued at about $29,000. Cary Street Partners Financial LLC bought a new stake in British American Tobacco during the second quarter worth about $30,000. Salem Investment Counselors Inc. boosted its position in British American Tobacco by 48.6% during the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company's stock valued at $34,000 after purchasing an additional 207 shares during the last quarter. Binnacle Investments Inc grew its stake in British American Tobacco by 163.2% in the third quarter. Binnacle Investments Inc now owns 750 shares of the company's stock valued at $40,000 after purchasing an additional 465 shares in the last quarter. Finally, Westside Investment Management Inc. increased its position in shares of British American Tobacco by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company's stock worth $41,000 after purchasing an additional 391 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on BTI. Morgan Stanley reissued an "underweight" rating on shares of British American Tobacco in a report on Wednesday, December 10th. Weiss Ratings upgraded shares of British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. Kepler Capital Markets began coverage on shares of British American Tobacco in a research note on Friday, December 12th. They set a "buy" rating on the stock. Finally, Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Saturday. Eight analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, British American Tobacco has an average rating of "Moderate Buy" and a consensus price target of $51.00.

British American Tobacco Price Performance

BTI stock opened at $57.79 on Monday. British American Tobacco p.l.c. has a 1-year low of $37.96 and a 1-year high of $63.22. The business's 50 day simple moving average is $59.92 and its 200 day simple moving average is $56.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

British American Tobacco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be issued a $0.8349 dividend. This represents a $3.34 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, December 29th.

British American Tobacco Company Profile

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.

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