Janney Montgomery Scott LLC Buys 3,694 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Posted by on Apr 21st, 2023

Janney Montgomery Scott LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,338 shares of the company’s stock after purchasing an additional 3,694 shares during the quarter. Janney Montgomery Scott LLC’s holdings in British American Tobacco were worth $6,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BTI. Almanack Investment Partners LLC. bought a new position in British American Tobacco in the 3rd quarter valued at approximately $25,000. Trustcore Financial Services LLC bought a new position in British American Tobacco in the 3rd quarter valued at approximately $28,000. Accel Wealth Management bought a new position in British American Tobacco in the 4th quarter valued at approximately $33,000. Guardian Wealth Advisors LLC bought a new position in British American Tobacco in the 3rd quarter valued at approximately $30,000. Finally, CENTRAL TRUST Co lifted its position in British American Tobacco by 170.8% in the 3rd quarter. CENTRAL TRUST Co now owns 864 shares of the company’s stock valued at $31,000 after acquiring an additional 545 shares in the last quarter. 6.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

BTI has been the topic of several analyst reports. StockNews.com raised British American Tobacco from a “buy” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. lowered shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Monday, March 13th.

British American Tobacco Stock Down 1.1 %

Shares of BTI opened at $36.13 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.55 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $36.63 and a two-hundred day simple moving average of $38.25. British American Tobacco p.l.c. has a 1-year low of $34.44 and a 1-year high of $45.28.

British American Tobacco Increases Dividend

The business also recently announced 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 is Thursday, December 21st. This is a positive change from British American Tobacco’s previous quarterly dividend of $0.70. This represents a $2.80 dividend on an annualized basis and a yield of 7.76%.

British American Tobacco Company 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).

See Also

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI – Get Rating).

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

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