Geode Capital Management LLC increased its position in shares of British American Tobacco PLC (NYSE:BTI) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 49,102 shares of the company’s stock after acquiring an additional 3,037 shares during the quarter. Geode Capital Management LLC’s holdings in British American Tobacco were worth $1,512,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in BTI. Boston Partners acquired a new position in British American Tobacco during the fourth quarter worth about $26,016,000. First Trust Advisors LP grew its holdings in British American Tobacco by 37.1% during the fourth quarter. First Trust Advisors LP now owns 804,440 shares of the company’s stock worth $25,629,000 after acquiring an additional 217,600 shares during the period. FNY Investment Advisers LLC grew its holdings in British American Tobacco by 301.7% during the fourth quarter. FNY Investment Advisers LLC now owns 192,859 shares of the company’s stock worth $6,144,000 after acquiring an additional 144,847 shares during the period. SG Americas Securities LLC grew its holdings in British American Tobacco by 249.8% during the fourth quarter. SG Americas Securities LLC now owns 173,243 shares of the company’s stock worth $5,520,000 after acquiring an additional 123,721 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in British American Tobacco by 15.6% during the third quarter. Clearbridge Investments LLC now owns 866,218 shares of the company’s stock worth $40,392,000 after acquiring an additional 116,677 shares during the period. 6.32% of the stock is currently owned by hedge funds and other institutional investors.
BTI has been the topic of a number of research analyst reports. Cowen lowered British American Tobacco from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Piper Jaffray Companies raised British American Tobacco from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 29th. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Citigroup raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, March 22nd will be paid a $0.6745 dividend. The ex-dividend date is Thursday, March 21st. This represents a $2.70 dividend on an annualized basis and a yield of 7.07%. British American Tobacco’s dividend payout ratio is currently 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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