Cetera Advisor Networks LLC Increases Holdings in British American Tobacco PLC (BTI)

Cetera Advisor Networks LLC increased its holdings in British American Tobacco PLC (NYSE:BTI) by 237.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,056 shares of the company’s stock after buying an additional 21,855 shares during the quarter. Cetera Advisor Networks LLC’s holdings in British American Tobacco were worth $989,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BTI. Wealthcare Advisory Partners LLC increased its holdings in British American Tobacco by 90.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,146 shares of the company’s stock worth $37,000 after buying an additional 545 shares during the period. Bremer Trust National Association acquired a new position in British American Tobacco in the 4th quarter worth approximately $38,000. Financial Gravity Companies Inc. acquired a new position in British American Tobacco in the 4th quarter worth approximately $46,000. Lindbrook Capital LLC acquired a new position in British American Tobacco in the 4th quarter worth approximately $54,000. Finally, Lavaca Capital LLC acquired a new position in British American Tobacco in the 4th quarter worth approximately $55,000. Institutional investors own 6.33% of the company’s stock.

BTI has been the topic of a number of analyst reports. Cowen cut shares of British American Tobacco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Piper Jaffray Companies raised shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, February 12th. Finally, Citigroup raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Thursday, March 28th. Two equities research 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $53.00.

Shares of NYSE BTI traded down $0.59 during midday trading on Friday, reaching $39.78. 3,829,428 shares of the stock were exchanged, compared to its average volume of 2,140,474. The stock has a market capitalization of $84.77 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.46 and a beta of 0.87. British American Tobacco PLC has a twelve month low of $30.67 and a twelve month high of $55.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.77 and a quick ratio of 0.41.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.6745 per share. The ex-dividend date is Thursday, March 21st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.78%. British American Tobacco’s payout ratio is 67.68%.

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

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