First Bank & Trust Increases Position in British American Tobacco PLC (BTI)

First Bank & Trust boosted its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 44,164.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,197 shares of the company’s stock after acquiring an additional 6,183 shares during the period. First Bank & Trust’s holdings in British American Tobacco were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BTI. Bank of New York Mellon Corp grew its stake in British American Tobacco by 1,509.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock valued at $501,659,000 after acquiring an additional 7,533,669 shares in the last quarter. Evercore Trust Company N.A. purchased a new stake in British American Tobacco during the 3rd quarter valued at about $331,037,000. FMR LLC grew its stake in British American Tobacco by 14.7% during the 2nd quarter. FMR LLC now owns 27,727,365 shares of the company’s stock valued at $1,900,434,000 after acquiring an additional 3,557,549 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in British American Tobacco during the 3rd quarter valued at about $183,498,000. Finally, Legal & General Group Plc purchased a new stake in British American Tobacco during the 3rd quarter valued at about $180,398,000. 8.69% of the stock is owned by institutional investors.

British American Tobacco PLC (NYSE BTI) traded up $0.25 during trading on Thursday, hitting $69.38. 1,265,000 shares of the stock traded hands, compared to its average volume of 1,449,891. British American Tobacco PLC has a twelve month low of $56.86 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 stock has a market cap of $156,740.00, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01.

The company also recently declared a None dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Friday, December 29th will be paid a $0.581 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 1.73%. British American Tobacco’s dividend payout ratio (DPR) is 89.81%.

Several analysts recently issued reports on BTI shares. Zacks Investment Research cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Cowen raised shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. 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. Finally, Goldman Sachs Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. British American Tobacco has a consensus rating of “Buy” and a consensus price target of $77.33.

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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).

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

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