British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) saw some unusual options trading on Thursday. Investors purchased 113,142 call options on the company. This is an increase of approximately 1,611% compared to the typical daily volume of 6,614 call options.
British American Tobacco Stock Up 0.7%
NYSE BTI traded up $0.34 during trading on Thursday, reaching $48.10. 5,110,361 shares of the company's stock were exchanged, compared to its average volume of 5,146,658. The company has a 50 day moving average price of $44.99 and a two-hundred day moving average price of $41.06. The stock has a market cap of $99.31 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 4.07 and a beta of 0.31. British American Tobacco has a 1 year low of $30.81 and a 1 year high of $49.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76.
British American Tobacco Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be given a $0.7391 dividend. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco's dividend payout ratio (DPR) is 65.09%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America began coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.
Read Our Latest Stock Report on British American Tobacco
Institutional Trading of British American Tobacco
A number of large investors have recently made changes to their positions in the company. Rosenberg Matthew Hamilton raised its holdings in shares of British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after buying an additional 280 shares during the last quarter. Golden State Wealth Management LLC raised its position in British American Tobacco by 100.0% during 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 during the last quarter. SRS Capital Advisors Inc. lifted its stake 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 worth $26,000 after acquiring an additional 525 shares during the period. Ameriflex Group Inc. acquired a new position in shares of British American Tobacco during the fourth quarter worth about $26,000. Finally, Financial Management Professionals Inc. raised its holdings 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 purchasing an additional 278 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.
About British American Tobacco
(
Get 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.
Further Reading
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