British American Tobacco PLC (BTI) Stake Increased by Whittier Trust Co.

Whittier Trust Co. increased its position in shares of British American Tobacco PLC (NYSE:BTI) by 45.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,291 shares of the company’s stock after purchasing an additional 49,651 shares during the period. Whittier Trust Co.’s holdings in British American Tobacco were worth $10,670,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BTI. Stifel Financial Corp raised its position in shares of British American Tobacco by 3.5% during the 2nd quarter. Stifel Financial Corp now owns 34,185 shares of the company’s stock valued at $2,342,000 after purchasing an additional 1,168 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of British American Tobacco by 218.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,432 shares of the company’s stock valued at $2,154,000 after purchasing an additional 21,560 shares during the period. National Asset Management Inc. raised its position in shares of British American Tobacco by 1.2% during the 2nd quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock valued at $246,000 after purchasing an additional 44 shares during the period. Atlantic Trust LLC bought a new stake in shares of British American Tobacco during the 2nd quarter valued at $252,000. Finally, USA Financial Portformulas Corp bought a new stake in shares of British American Tobacco during the 2nd quarter valued at $660,000. Hedge funds and other institutional investors own 9.56% of the company’s stock.

Shares of British American Tobacco PLC (NYSE:BTI) opened at $61.15 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91. British American Tobacco PLC has a fifty-two week low of $60.15 and a fifty-two week high of $73.41.

The business also recently declared a None dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Friday, December 29th will be issued a $0.581 dividend. The ex-dividend date is Thursday, December 28th. This represents a yield of 1.73%.

A number of analysts have issued reports on BTI shares. Zacks Investment Research downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.00.

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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).

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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