International Assets Investment Management LLC Takes $350,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Posted by on Apr 15th, 2023

International Assets Investment Management LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,756 shares of the company’s stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTI. Capital International Investors lifted its position in British American Tobacco by 12.6% during 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $88,226,000 after acquiring an additional 710,867 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of British American Tobacco in the 3rd quarter valued at approximately $22,123,000. BlackRock Inc. increased its holdings in shares of British American Tobacco by 11.6% in the 1st quarter. BlackRock Inc. now owns 5,624,861 shares of the company’s stock valued at $237,145,000 after acquiring an additional 582,790 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of British American Tobacco by 382.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 529,622 shares of the company’s stock valued at $18,802,000 after acquiring an additional 419,880 shares during the last quarter. 6.37% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Price Performance

BTI opened at $35.19 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $34.44 and a fifty-two week high of $45.28. The business has a 50-day moving average of $36.75 and a 200-day moving average of $38.25. The company has a quick ratio of 0.55, a current ratio of 0.86 and a debt-to-equity ratio of 0.51.

British American Tobacco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 6th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.7006 per share. The ex-dividend date is Thursday, December 21st. This is an increase from British American Tobacco’s previous quarterly dividend of $0.70. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.96%.

Analyst Ratings Changes

BTI has been the subject of several research reports. JPMorgan Chase & Co. cut British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Monday, March 13th. StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

British American Tobacco Profile

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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).

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

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