Creative Planning lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,554 shares of the company’s stock after selling 1,671 shares during the period. Creative Planning’s holdings in British American Tobacco p.l.c. were worth $929,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. United States Steel & Carnegie Pension Fund raised its stake in shares of 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 raised its stake 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 purchased a new stake in shares of British American Tobacco p.l.c. during the second quarter worth $306,000. Smith Shellnut Wilson LLC ADV purchased a new stake in shares of British American Tobacco p.l.c. during the second quarter worth $221,000. Finally, Hays Advisory LLC raised its stake 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 institutional investors and hedge funds.
British American Tobacco p.l.c. (NYSE BTI) traded down 0.03% on Wednesday, hitting $62.61. The stock had a trading volume of 1,696,283 shares. The firm’s 50-day moving average is $66.74 and its 200-day moving average is $71.80. The company has a market cap of $116.33 billion, a P/E ratio of 20.86 and a beta of 1.02. British American Tobacco p.l.c. has a 52-week low of $52.71 and a 52-week high of $73.41.
The company also recently declared a None dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, August 18th will be given a dividend of $0.728 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a dividend yield of 2.28%.
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A number of equities research analysts have weighed in on BTI shares. 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 report on Friday, April 21st. Piper Jaffray Companies started coverage on British American Tobacco p.l.c. in a research report 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 company a “buy” rating in a research report on Thursday, July 6th. SBG Securities raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $69.33.
About British American Tobacco p.l.c.
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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