HighPoint Advisor Group LLC Acquires New Stake in British American Tobacco PLC (BTI)

HighPoint Advisor Group LLC bought a new stake in shares of British American Tobacco PLC (NYSE:BTI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,836 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds also recently bought and sold shares of BTI. Wealthcare Advisory Partners LLC grew its holdings in shares of British American Tobacco by 90.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,146 shares of the company’s stock worth $37,000 after purchasing an additional 545 shares in the last quarter. Bremer Trust National Association purchased a new position in shares of British American Tobacco during the fourth quarter worth about $38,000. Financial Gravity Companies Inc. purchased a new position in shares of British American Tobacco during the fourth quarter worth about $46,000. Lindbrook Capital LLC purchased a new stake in British American Tobacco in the fourth quarter worth approximately $54,000. Finally, Lavaca Capital LLC purchased a new stake in British American Tobacco in the fourth quarter worth approximately $55,000. 6.33% of the stock is owned by institutional investors and hedge funds.

BTI stock traded down $0.59 during midday trading on Friday, hitting $39.78. The company had a trading volume of 3,829,428 shares, compared to its average volume of 2,140,474. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77. British American Tobacco PLC has a 52 week low of $30.67 and a 52 week high of $55.77. The company has a market capitalization of $84.77 billion, a P/E ratio of 10.05, a PEG ratio of 1.46 and a beta of 0.87.

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

Several analysts have issued reports on BTI shares. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Cowen lowered British American Tobacco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Piper Jaffray Companies raised British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 29th. Finally, Citigroup raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.00.

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British American Tobacco Company 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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