CIBC Asset Management Inc grew its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 392.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,270 shares of the company’s stock after buying an additional 131,740 shares during the quarter. CIBC Asset Management Inc’s holdings in British American Tobacco were worth $6,893,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in British American Tobacco by 99.5% during the fourth quarter. Deutsche Bank AG now owns 2,912,205 shares of the company’s stock worth $92,780,000 after purchasing an additional 1,452,488 shares during the last quarter. Two Sigma Investments LP bought a new position in British American Tobacco during the fourth quarter worth $32,727,000. Boston Partners bought a new position in British American Tobacco during the fourth quarter worth $26,016,000. Newport Trust Co lifted its stake in British American Tobacco by 9.5% during the first quarter. Newport Trust Co now owns 4,573,501 shares of the company’s stock worth $190,806,000 after purchasing an additional 395,970 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its stake in British American Tobacco by 134.1% during the fourth quarter. OLD Mission Capital LLC now owns 517,476 shares of the company’s stock worth $16,487,000 after purchasing an additional 296,440 shares during the last quarter. Institutional investors own 6.48% of the company’s stock.
Shares of BTI opened at $37.08 on Wednesday. British American Tobacco PLC has a 12-month low of $30.67 and a 12-month high of $55.77. The firm has a market cap of $78.80 billion, a P/E ratio of 9.36, a PEG ratio of 1.36 and a beta of 0.83. The company has a current ratio of 0.77, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, March 22nd were paid a dividend of $0.6745 per share. This represents a $2.70 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend was Thursday, March 21st. British American Tobacco’s dividend payout ratio (DPR) is presently 66.16%.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Citigroup upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Thursday, March 28th. Finally, Piper Jaffray Companies upgraded British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. British American Tobacco currently has a consensus rating of “Hold” and a consensus target price of $53.00.
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British American Tobacco Profile
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, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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