Fisher Asset Management LLC Has $529,000 Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Posted by on Apr 30th, 2023

Fisher Asset Management LLC increased its stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,226 shares of the company’s stock after buying an additional 2,185 shares during the quarter. Fisher Asset Management LLC’s holdings in British American Tobacco were worth $529,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Capital International Investors boosted its holdings in shares of British American Tobacco by 12.6% in the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company’s stock valued at $400,788,000 after buying an additional 1,060,090 shares during the last quarter. BlackRock Inc. boosted its position in British American Tobacco by 11.6% during the first quarter. BlackRock Inc. now owns 5,624,861 shares of the company’s stock worth $237,145,000 after purchasing an additional 582,790 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in British American Tobacco by 8.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,311,628 shares of the company’s stock worth $181,778,000 after purchasing an additional 340,040 shares during the period. Envestnet Asset Management Inc. boosted its position in British American Tobacco by 8.8% during the third quarter. Envestnet Asset Management Inc. now owns 2,600,702 shares of the company’s stock worth $92,325,000 after purchasing an additional 210,373 shares during the period. Finally, Federated Hermes Inc. boosted its position in British American Tobacco by 4.1% during the third quarter. Federated Hermes Inc. now owns 2,359,022 shares of the company’s stock worth $83,745,000 after purchasing an additional 93,348 shares during the period. Institutional investors and hedge funds own 6.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Saturday. 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 Stock Performance

Shares of British American Tobacco stock opened at $37.05 on Friday. The firm has a 50-day moving average of $36.53 and a 200-day moving average of $38.26. British American Tobacco p.l.c. has a 52-week low of $34.44 and a 52-week high of $45.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.86 and a quick ratio of 0.55.

British American Tobacco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 6th. Investors of record on Friday, December 22nd will be paid a $0.7006 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date of this dividend is Thursday, December 21st. This is an increase from British American Tobacco’s previous quarterly dividend of $0.70.

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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