Heritage Way Advisors LLC continued to hold its position in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,600 shares of the company’s stock at the end of the second quarter. Heritage Way Advisors LLC’s holdings in British American Tobacco p.l.c. were worth $384,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BTI. United States Steel & Carnegie Pension Fund increased its position in British American Tobacco p.l.c. by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock worth $42,206,000 after buying an additional 485,100 shares during the period. Atria Investments LLC increased its stake in British American Tobacco p.l.c. by 17.1% in the second quarter. Atria Investments LLC now owns 4,067 shares of the company’s stock valued at $279,000 after buying an additional 593 shares during the last quarter. RB Capital Management LLC purchased a new position in shares of British American Tobacco p.l.c. during the second quarter valued at about $306,000. Smith Shellnut Wilson LLC ADV purchased a new position in shares of British American Tobacco p.l.c. during the second quarter valued at about $221,000. Finally, Hays Advisory LLC boosted its position in shares of British American Tobacco p.l.c. by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock valued at $283,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 5.55% of the company’s stock.
British American Tobacco p.l.c. (NYSE:BTI) opened at 65.87 on Friday. The firm has a market capitalization of $122.39 billion, a price-to-earnings ratio of 22.36 and a beta of 1.02. The company’s 50-day moving average price is $68.79 and its 200 day moving average price is $75.53. British American Tobacco p.l.c. has a 12 month low of $52.71 and a 12 month high of $73.41.
The company also recently declared a None dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, August 18th will be paid a $0.728 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a dividend yield of 2.28%.
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BTI has been the topic of several research reports. Zacks Investment Research raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, April 21st. Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday. UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday. SBG Securities raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. British American Tobacco p.l.c. has an average rating of “Buy” and an average target price of $71.00.
British American Tobacco p.l.c. Company Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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