Texas Yale Capital Corp. Has $6.39 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Texas Yale Capital Corp. grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 304.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,340 shares of the company’s stock after buying an additional 77,060 shares during the quarter. British American Tobacco accounts for 0.6% of Texas Yale Capital Corp.’s portfolio, making the stock its 29th largest position. Texas Yale Capital Corp.’s holdings in British American Tobacco were worth $6,391,000 as of its most recent SEC filing.

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

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Wednesday. Goldman Sachs Group reiterated a “neutral” rating on shares of British American Tobacco in a research note 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. Jefferies Group set a $78.00 price objective on shares of British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. Finally, Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $72.25.

Shares of British American Tobacco p.l.c. (NYSE:BTI) opened at $66.51 on Friday. British American Tobacco p.l.c. has a twelve month low of $54.68 and a twelve month high of $73.41. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87.

The firm also recently announced 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 dividend yield of 1.73%.

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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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