Prospera Financial Services Inc acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,623 shares of the company’s stock, valued at approximately $378,000.
Other hedge funds also recently bought and sold shares of the company. United States Steel & Carnegie Pension Fund increased its stake 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 valued at $42,206,000 after buying an additional 485,100 shares in the last quarter. Atria Investments LLC increased its position in shares of 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 worth $279,000 after buying an additional 593 shares during the period. RB Capital Management LLC acquired a new position in shares of British American Tobacco p.l.c. during the second quarter worth about $306,000. Smith Shellnut Wilson LLC ADV acquired a new position in shares of British American Tobacco p.l.c. during the second quarter worth about $221,000. Finally, Hays Advisory LLC increased 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 worth $283,000 after buying an additional 199 shares during the period. 4.46% of the stock is owned by hedge funds and other institutional investors.
British American Tobacco p.l.c. (BTI) traded down 0.16% during midday trading on Monday, hitting $62.81. The company had a trading volume of 3,632,025 shares. The company’s 50 day moving average is $67.12 and its 200 day moving average is $72.30. The stock has a market cap of $116.70 billion, a price-to-earnings ratio of 20.93 and a beta of 1.02. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41.
The business also recently declared a None dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, August 18th will be issued 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 subject of a number of analyst 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 for the company in a research note on Friday, April 21st. Piper Jaffray Companies initiated coverage on British American Tobacco p.l.c. in a research note on Thursday, May 25th. They set an “overweight” rating and a $59.00 target price for the company. Bank of America Corporation set a $79.00 target price on British American Tobacco p.l.c. and gave the stock a “buy” rating in a research note on Thursday, July 6th. 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, UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target 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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