Wealth Science Advisors LLC Invests $2.20 Million in British American Tobacco p.l.c. $BTI

Key Points

• Wealth Science Advisors LLC bought 38,782 shares of British American Tobacco (NYSE:BTI) in Q4, a new position valued at approximately $2.20 million, about 1.3% of its portfolio and its 16th largest holding.
• British American Tobacco declared a quarterly dividend of $0.8349 per share (annualized $3.34), implying a yield of 5.8% with an ex-dividend date of December 29 and payment on February 8.
• BTI carries a consensus rating of "Moderate Buy" from analysts, with an average price target of $51.00 (eight Buys and two Sells).

Wealth Science Advisors LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,782 shares of the company's stock, valued at approximately $2,196,000. British American Tobacco makes up approximately 1.3% of Wealth Science Advisors LLC's investment portfolio, making the stock its 16th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new stake in shares of British American Tobacco in the 3rd quarter worth about $29,000. Cary Street Partners Financial LLC bought a new stake in shares of British American Tobacco in the 2nd quarter worth about $30,000. Binnacle Investments Inc increased its position in shares of British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company's stock worth $40,000 after purchasing an additional 465 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of British American Tobacco by 100.0% in 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. Finally, City Holding Co. bought a new stake in shares of British American Tobacco in the 3rd quarter worth about $42,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BTI shares. Weiss Ratings raised shares of British American Tobacco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 17th. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday, April 5th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $51.00.

British American Tobacco Stock Performance

BTI stock opened at $57.30 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.57 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. The firm has a fifty day moving average price of $59.04 and a two-hundred day moving average price of $57.05.

British American Tobacco Announces Dividend

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

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.

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