US Bancorp DE Purchases 15,120 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Key Points

• US Bancorp DE increased its stake in British American Tobacco by 19.7% in the first quarter, owning a total of 91,804 shares worth approximately $3.8 million.
• British American Tobacco is currently rated a "Moderate Buy" by analysts, with an average target price of $33.00.
• The company recently declared a dividend of $0.7391 per share, with a significant dividend yield of 599.0%, amidst a payout ratio of 60.57%.

US Bancorp DE raised its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,804 shares of the company's stock after purchasing an additional 15,120 shares during the quarter. US Bancorp DE's holdings in British American Tobacco were worth $3,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Park Avenue Securities LLC grew its position in British American Tobacco by 0.7% during the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock valued at $1,401,000 after buying an additional 244 shares during the period. Applied Capital LLC FL raised its position in British American Tobacco by 1.1% in the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock worth $963,000 after acquiring an additional 257 shares during the period. Elevation Point Wealth Partners LLC grew its position in shares of British American Tobacco by 1.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after acquiring an additional 258 shares during the period. Keystone Financial Group grew its position in shares of British American Tobacco by 1.5% during the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after acquiring an additional 267 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in shares of British American Tobacco by 78.5% during 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 during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the topic of several research analyst reports. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating on the stock. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Finally, Jefferies Financial Group initiated coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Stock Performance

British American Tobacco stock traded up $0.57 during mid-day trading on Wednesday, reaching $56.41. The company's stock had a trading volume of 5,639,823 shares, compared to its average volume of 6,344,890. The firm's fifty day moving average price is $49.55 and its two-hundred day moving average price is $43.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $56.58. The company has a market capitalization of $116.35 billion, a P/E ratio of 11.58, a PEG ratio of 2.19 and a beta of 0.38.

British American Tobacco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be paid a dividend of $0.7391 per share. This represents a dividend yield of 599.0%. The ex-dividend date is Friday, June 27th. British American Tobacco's payout ratio is presently 60.57%.

British American Tobacco 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.