AE Wealth Management LLC Invests $303,000 in British American Tobacco p.l.c. (NYSE:BTI) Stock

AE Wealth Management LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,855 shares of the company’s stock, valued at approximately $303,000.

A number of other hedge funds have also recently made changes to their positions in BTI. Bank of New York Mellon Corp increased its position in British American Tobacco by 1,509.0% during the third quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock worth $501,659,000 after acquiring an additional 7,533,669 shares during the period. FMR LLC increased its position in British American Tobacco by 14.7% during the second quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after acquiring an additional 3,557,549 shares during the period. Goldman Sachs Group Inc. increased its position in British American Tobacco by 16.3% during the second quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after acquiring an additional 2,181,462 shares during the period. Balyasny Asset Management LLC increased its position in British American Tobacco by 817.0% during the second quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after acquiring an additional 2,076,034 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in British American Tobacco during the third quarter worth about $44,862,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.

British American Tobacco p.l.c. (NYSE:BTI) traded down $1.33 during trading on Thursday, reaching $66.51. 1,904,814 shares of the company’s stock traded hands, compared to its average volume of 3,624,139. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48. British American Tobacco p.l.c. has a 52-week low of $54.68 and a 52-week high of $73.41.

The company 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 dividend of $0.581 per share. The ex-dividend date is Thursday, December 28th. This represents a yield of 1.73%.

BTI has been the topic of several recent analyst reports. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco in a report on Wednesday, August 9th. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday. Goldman Sachs Group reissued a “neutral” rating on shares of British American Tobacco in a report on Friday, August 11th. BidaskClub downgraded shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company’s stock. British American Tobacco currently has a consensus rating of “Buy” and a consensus target price of $72.25.

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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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