Keybank National Association OH Takes $442,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Posted by Defense World Staff on Apr 21st, 2023

Keybank National Association OH acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,063 shares of the company’s stock, valued at approximately $442,000.

Other institutional investors also recently made changes to their positions in the company. Almanack Investment Partners LLC. purchased a new stake in shares of British American Tobacco in the 3rd quarter valued at $25,000. Trustcore Financial Services LLC purchased a new stake in British American Tobacco during the 3rd quarter valued at $28,000. Accel Wealth Management purchased a new stake in British American Tobacco during the 4th quarter valued at $33,000. Guardian Wealth Advisors LLC purchased a new stake in British American Tobacco during the 3rd quarter valued at $30,000. Finally, CENTRAL TRUST Co boosted its position in British American Tobacco by 170.8% during the 3rd quarter. CENTRAL TRUST Co now owns 864 shares of the company’s stock valued at $31,000 after buying an additional 545 shares during the period. Hedge funds and other institutional investors own 6.37% of the company’s stock.

British American Tobacco Stock Down 1.1 %

NYSE:BTI opened at $36.13 on Friday. The company has a 50-day moving average price of $36.63 and a 200-day moving average price of $38.25. British American Tobacco p.l.c. has a 12 month low of $34.44 and a 12 month high of $45.28. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, February 6th. Stockholders of record on Friday, December 22nd will be given a $0.7006 dividend. This represents a $2.80 annualized dividend and a dividend yield of 7.76%. This is a boost from British American Tobacco’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, December 21st.

Analyst Ratings Changes

Several equities research analysts have weighed in on BTI shares. StockNews.com raised shares of British American Tobacco from a “buy” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. cut shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Monday, March 13th.

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).