BB&T Investment Services Inc. increased its stake in shares of British American Tobacco PLC (NYSE:BTI) by 429.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,567 shares of the company’s stock after buying an additional 6,949 shares during the period. BB&T Investment Services Inc.’s holdings in British American Tobacco were worth $553,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new stake in British American Tobacco during the fourth quarter worth about $100,000. Krilogy Financial LLC purchased a new stake in British American Tobacco during the third quarter worth about $106,000. Asset Management One Co. Ltd. purchased a new stake in British American Tobacco during the third quarter worth about $109,000. Manchester Capital Management LLC purchased a new stake in British American Tobacco during the third quarter worth about $113,000. Finally, Delpha Capital Management LLC purchased a new stake in British American Tobacco during the fourth quarter worth about $116,000. Institutional investors and hedge funds own 8.79% of the company’s stock.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Citigroup downgraded shares of British American Tobacco from a “buy” rating to a “neutral” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $79.00.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, October 5th will be paid a $0.6792 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $2.72 annualized dividend and a dividend yield of 4.87%.
TRADEMARK VIOLATION NOTICE: “British American Tobacco PLC (BTI) Shares Bought by BB&T Investment Services Inc.” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://stocknewstimes.com/2018/03/21/british-american-tobacco-plc-bti-shares-bought-by-bbt-investment-services-inc.html.
British American Tobacco 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).
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.