Zacks Investment Research Downgrades British American Tobacco (BTI) to Sell

Zacks Investment Research downgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a sell rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

Several other research analysts have also recently issued reports on the company. Piper Jaffray Companies raised British American Tobacco from a neutral rating to an overweight rating in a research note on Tuesday, January 29th. Citigroup raised British American Tobacco from a neutral rating to a buy rating in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $53.00.

Shares of BTI opened at $37.49 on Tuesday. British American Tobacco has a 12 month low of $30.67 and a 12 month high of $55.77. The firm has a market cap of $79.68 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.39 and a beta of 0.83. The company has a quick ratio of 0.41, a current ratio of 0.77 and a debt-to-equity ratio of 0.66.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, March 22nd were paid a $0.6745 dividend. The ex-dividend date was Thursday, March 21st. This represents a $2.70 annualized dividend and a dividend yield of 7.20%. British American Tobacco’s payout ratio is 66.16%.

Large investors have recently added to or reduced their stakes in the company. WP Advisors LLC bought a new position in shares of British American Tobacco in the first quarter worth $26,000. Lenox Wealth Management Inc. boosted its stake in British American Tobacco by 153.3% during the first quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock valued at $32,000 after buying an additional 469 shares in the last quarter. Alera Investment Advisors LLC boosted its stake in British American Tobacco by 50.1% during the first quarter. Alera Investment Advisors LLC now owns 833 shares of the company’s stock valued at $35,000 after buying an additional 278 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in British American Tobacco by 141.7% during the first quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock valued at $36,000 after buying an additional 506 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in British American Tobacco by 90.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,146 shares of the company’s stock valued at $37,000 after buying an additional 545 shares in the last quarter. 6.21% of the stock is owned by institutional investors.

About British American Tobacco

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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