British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Oppenheimer & Co. Inc.

Posted by Defense World Staff on Feb 25th, 2023

Oppenheimer & Co. Inc. lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 40.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,429 shares of the company’s stock after purchasing an additional 3,564 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in British American Tobacco were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BTI. GQG Partners LLC boosted its position in shares of British American Tobacco by 17.5% in the 2nd quarter. GQG Partners LLC now owns 34,129,191 shares of the company’s stock worth $1,464,643,000 after purchasing an additional 5,093,321 shares in the last quarter. Capital International Investors raised its stake in British American Tobacco by 12.6% in the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company’s stock worth $400,788,000 after acquiring an additional 1,060,090 shares during the last quarter. JPMorgan Chase & Co. raised its stake in British American Tobacco by 34.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,920,556 shares of the company’s stock worth $168,230,000 after acquiring an additional 1,008,552 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in British American Tobacco by 51.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,092,643 shares of the company’s stock worth $88,226,000 after acquiring an additional 710,867 shares during the last quarter. Finally, BlackRock Inc. raised its stake in British American Tobacco by 11.6% in the 1st quarter. BlackRock Inc. now owns 5,624,861 shares of the company’s stock worth $237,145,000 after acquiring an additional 582,790 shares during the last quarter. Institutional investors and hedge funds own 6.37% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the subject of a number of research analyst reports. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 13th. The Goldman Sachs Group lowered British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st.

British American Tobacco Trading Up 0.6 %

NYSE BTI opened at $38.66 on Friday. The stock has a 50-day simple moving average of $38.85 and a two-hundred day simple moving average of $39.16. British American Tobacco p.l.c. has a fifty-two week low of $35.47 and a fifty-two week high of $45.38. The company has a current ratio of 0.86, a quick ratio of 0.55 and a debt-to-equity ratio of 0.51.

British American Tobacco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.7006 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.25%. This is a positive change from British American Tobacco’s previous quarterly dividend of $0.70.

About British American Tobacco

(Get Rating)

British American Tobacco plc is a holding company, which engages in the manufacture and distribution of tobacco products. Its brands include Kent, Dunhill, Lucky Strike, and Pall Mall. It operates through the following geographical segments: United States, Asia-Pacific and Middle East (APME), Americas and Sub-Saharan Africa (AMSSA), and Europe and North Africa (ENA).