British American Tobacco (NYSE:BTI) shares hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $50.82 and last traded at $51.60, with a volume of 6550998 shares changing hands. The stock had previously closed at $54.84.
A number of research analysts have issued reports on the company. Zacks Investment Research cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Citigroup lowered British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $79.00.
The company has a market cap of $111,323.13, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.52.
The firm also recently announced 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. The ex-dividend date is Thursday, October 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.25%. British American Tobacco’s dividend payout ratio (DPR) is presently 54.89%.
Several large investors have recently made changes to their positions in BTI. FNY Managed Accounts LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at $100,000. Asset Management One Co. Ltd. acquired a new stake in shares of British American Tobacco in the third quarter valued at $109,000. We Are One Seven LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at $114,000. Delpha Capital Management LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at $116,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at $141,000. Institutional investors own 8.78% of the company’s stock.
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About British American Tobacco
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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