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.
TRADEMARK VIOLATION WARNING: “Monument Capital Management Buys Shares of 27,262 British American Tobacco PLC (NYSE:BTI)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/14/27262-shares-in-british-american-tobacco-plc-bti-purchased-by-monument-capital-management.html.
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).
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.