Monument Capital Management Buys Shares of 27,262 British American Tobacco PLC (NYSE:BTI)

Monument Capital Management bought a new stake in British American Tobacco PLC (NYSE:BTI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,262 shares of the company’s stock, valued at approximately $1,826,000.

A number of other institutional investors have also added to or reduced their stakes in BTI. Bank of New York Mellon Corp grew its holdings in British American Tobacco by 1,509.0% in 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 buying an additional 7,533,669 shares during the period. Evercore Trust Company N.A. purchased a new stake in shares of British American Tobacco during the 3rd quarter worth about $331,037,000. Cambiar Investors LLC grew its holdings in shares of British American Tobacco by 1,440.3% during the 4th quarter. Cambiar Investors LLC now owns 3,853,716 shares of the company’s stock worth $258,160,000 after purchasing an additional 3,603,522 shares during the period. Thornburg Investment Management Inc. purchased a new stake in shares of British American Tobacco during the 3rd quarter worth about $183,498,000. Finally, Legal & General Group Plc purchased a new stake in shares of British American Tobacco during the 3rd quarter worth about $180,398,000. 9.57% of the stock is owned by institutional investors.

Several equities analysts recently commented on BTI shares. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Jefferies Group set a $78.00 price target on British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. British American Tobacco presently has a consensus rating of “Buy” and an average target price of $79.00.

Shares of British American Tobacco PLC (NYSE:BTI) traded up $0.60 during midday trading on Wednesday, hitting $62.10. The stock had a trading volume of 946,420 shares, compared to its average volume of 1,744,648. British American Tobacco PLC has a twelve month low of $60.15 and a twelve 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 was paid on Tuesday, February 13th. Investors of record on Friday, December 29th were paid a $0.581 dividend. This represents a yield of 1.73%. The ex-dividend date was Thursday, December 28th.

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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).

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

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