Cetera Advisors LLC acquired a new stake in British American Tobacco PLC (NYSE:BTI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,247 shares of the company’s stock, valued at approximately $264,000.
Other large investors have also recently modified their holdings of the company. Verity & Verity LLC grew its position in British American Tobacco by 61.1% in the third quarter. Verity & Verity LLC now owns 34,736 shares of the company’s stock valued at $2,169,000 after acquiring an additional 13,174 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in British American Tobacco by 12.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 116,556 shares of the company’s stock valued at $7,989,000 after acquiring an additional 12,748 shares in the last quarter. Pictet Asset Management Ltd. acquired a new stake in British American Tobacco in the third quarter valued at approximately $23,599,000. K2 Principal Fund L.P. acquired a new stake in British American Tobacco in the third quarter valued at approximately $1,249,000. Finally, CIBC World Markets Inc. boosted its stake in shares of British American Tobacco by 99.3% during the 2nd quarter. CIBC World Markets Inc. now owns 37,866 shares of the company’s stock valued at $2,595,000 after buying an additional 18,863 shares during the last quarter. 9.35% of the stock is owned by institutional investors.
Several research firms have recently commented on BTI. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Friday. Jefferies Group set a $78.00 target price on British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Finally, BidaskClub cut British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.00.
The firm also recently announced a None dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.581 per share. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.
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About British American Tobacco
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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