Outfitter Advisors LTD. purchased a new position in British American Tobacco PLC (NYSE:BTI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,156 shares of the company’s stock, valued at approximately $211,000.
Other hedge funds also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new position in British American Tobacco in the 4th quarter worth approximately $100,000. BB&T Investment Services Inc. grew its stake in British American Tobacco by 625.6% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock worth $101,000 after buying an additional 1,395 shares in the last quarter. Delta Asset Management LLC TN grew its stake in British American Tobacco by 908.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after buying an additional 1,472 shares in the last quarter. D. Scott Neal Inc. purchased a new position in British American Tobacco in the 3rd quarter worth approximately $106,000. Finally, Krilogy Financial LLC purchased a new position in British American Tobacco in the 3rd quarter worth approximately $106,000. 9.57% of the stock is owned by institutional investors and hedge funds.
BTI has been the subject of a number of research reports. Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the stock a “buy” rating in a research note on Saturday, November 18th. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.00.
Shares of British American Tobacco PLC (BTI) traded down $0.81 during trading on Tuesday, hitting $61.40. 488,352 shares of the stock were exchanged, compared to its average volume of 1,689,568. British American Tobacco PLC has a 12 month low of $60.15 and a 12 month high of $73.41. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48.
The firm also recently disclosed 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 is Thursday, December 28th. This represents a dividend yield of 1.73%.
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British American Tobacco 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).
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