Shares of British American Tobacco PLC (NYSE:BTI) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $79.00.
A number of analysts have issued reports on the company. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Group set a $78.00 price objective on British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. Finally, Citigroup lowered British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th.
Shares of British American Tobacco (NYSE BTI) traded down $0.64 during trading hours on Wednesday, reaching $57.93. The company’s stock had a trading volume of 2,132,408 shares, compared to its average volume of 1,796,386. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. British American Tobacco has a 12-month low of $57.89 and a 12-month high of $73.41.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, October 5th will be paid a $0.6792 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, October 4th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in British American Tobacco by 29.6% during the 4th quarter. Proficio Capital Partners LLC now owns 3,800 shares of the company’s stock worth $255,000 after acquiring an additional 868 shares in the last quarter. Keystone Financial Planning Inc. lifted its position in British American Tobacco by 0.7% during the 4th quarter. Keystone Financial Planning Inc. now owns 125,332 shares of the company’s stock worth $8,396,000 after acquiring an additional 910 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its position in British American Tobacco by 1.7% during the 4th quarter. Asset Planning Services Inc. LA ADV now owns 57,790 shares of the company’s stock worth $3,871,000 after acquiring an additional 950 shares in the last quarter. Synovus Financial Corp lifted its position in British American Tobacco by 12.1% during the 4th quarter. Synovus Financial Corp now owns 8,797 shares of the company’s stock worth $589,000 after acquiring an additional 951 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in British American Tobacco by 15.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 7,198 shares of the company’s stock worth $449,000 after acquiring an additional 973 shares in the last quarter. 9.09% of the stock is currently owned by institutional investors and hedge funds.
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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).
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