HF Advisory Group LLC Has $3.57 Million Stock Holdings in British American Tobacco p.l.c. $BTI

HF Advisory Group LLC increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 52.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,053 shares of the company’s stock after acquiring an additional 21,651 shares during the quarter. HF Advisory Group LLC’s holdings in British American Tobacco were worth $3,570,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BTI. Capital World Investors lifted its position in British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after acquiring an additional 9,397,693 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of British American Tobacco by 2,066.9% during the second quarter. Federated Hermes Inc. now owns 3,476,001 shares of the company’s stock worth $164,519,000 after acquiring an additional 3,315,589 shares during the period. Orbis Allan Gray Ltd grew its position in shares of British American Tobacco by 20.7% in the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after purchasing an additional 2,482,737 shares during the last quarter. Capital International Investors increased its stake in shares of British American Tobacco by 3.0% during the third quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after purchasing an additional 1,891,042 shares during the period. Finally, Bank of America Corp DE lifted its holdings in British American Tobacco by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock worth $368,099,000 after purchasing an additional 1,578,860 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Kepler Capital Markets assumed coverage on British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating on the stock. Weiss Ratings raised shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Finally, Wall Street Zen raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Eight research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

Shares of BTI opened at $57.94 on Thursday. The firm has a 50 day simple moving average of $59.97 and a two-hundred day simple moving average of $56.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a one year low of $37.96 and a one year high of $63.22.

British American Tobacco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be issued a dividend of $0.8349 per share. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.8%.

About British American Tobacco

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.