Cetera Advisor Networks LLC acquired a new stake in British American Tobacco PLC (NYSE:BTI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,475 shares of the company’s stock, valued at approximately $844,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cetera Advisors LLC purchased a new position in shares of British American Tobacco in the third quarter valued at about $264,000. Independent Advisor Alliance purchased a new position in shares of British American Tobacco in the third quarter valued at about $1,095,000. Sterling Capital Management LLC increased its position in shares of British American Tobacco by 14.8% in the third quarter. Sterling Capital Management LLC now owns 30,997 shares of the company’s stock valued at $1,936,000 after acquiring an additional 3,985 shares during the period. Guardian Capital LP boosted its stake in shares of British American Tobacco by 28.2% during the 3rd quarter. Guardian Capital LP now owns 430,698 shares of the company’s stock valued at $26,897,000 after purchasing an additional 94,676 shares in the last quarter. Finally, Guardian Capital Advisors LP boosted its stake in shares of British American Tobacco by 3.8% during the 3rd quarter. Guardian Capital Advisors LP now owns 61,944 shares of the company’s stock valued at $3,976,000 after purchasing an additional 2,278 shares in the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Shares of British American Tobacco PLC (NYSE BTI) traded down $1.58 on Friday, hitting $65.78. 2,829,700 shares of the stock were exchanged, compared to its average volume of 3,595,003. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87. British American Tobacco PLC has a 52-week low of $55.53 and a 52-week high of $73.41.

The business also recently announced a None dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.581 per share. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, December 28th.

A number of equities research analysts have recently weighed in on BTI shares. Zacks Investment Research lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Cowen raised shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Goldman Sachs Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. Finally, BidaskClub lowered shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. British American Tobacco presently has an average rating of “Buy” and an average target price of $76.67.

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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).

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

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