British American Tobacco p.l.c. $BTI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 771.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 739,687 shares of the company’s stock after purchasing an additional 654,769 shares during the period. SG Americas Securities LLC’s holdings in British American Tobacco were worth $41,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of British American Tobacco by 35.2% during the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after buying an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of British American Tobacco by 42.5% in the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after buying an additional 2,521 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of British American Tobacco by 201.6% in the second quarter. JPMorgan Chase & Co. now owns 2,748,324 shares of the company’s stock worth $130,078,000 after buying an additional 1,837,106 shares during the last quarter. MAI Capital Management grew its holdings in British American Tobacco by 92.3% during the second quarter. MAI Capital Management now owns 5,370 shares of the company’s stock worth $254,000 after acquiring an additional 2,578 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in British American Tobacco during the second quarter valued at approximately $76,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

Shares of BTI opened at $58.46 on Thursday. British American Tobacco p.l.c. has a 12 month low of $37.96 and a 12 month high of $63.22. The stock’s 50 day moving average is $59.93 and its two-hundred day moving average is $56.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be paid a $0.8349 dividend. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a yield of 5.7%.

Analysts Set New Price Targets

Several equities research analysts have commented on BTI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Weiss Ratings upgraded shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Eight investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.