British American Tobacco p.l.c. (NYSE:BTI) Short Interest Update

British American Tobacco p.l.c. (NYSE:BTIGet Rating) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,850,000 shares, a drop of 20.3% from the March 15th total of 4,830,000 shares. Based on an average daily trading volume, of 4,830,000 shares, the short-interest ratio is currently 0.8 days.

Institutional investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC purchased a new position in British American Tobacco in the third quarter valued at $16,416,000. Keudell Morrison Wealth Management increased its stake in shares of British American Tobacco by 18.7% in the 3rd quarter. Keudell Morrison Wealth Management now owns 17,647 shares of the company’s stock valued at $623,000 after purchasing an additional 2,783 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of British American Tobacco by 3.5% in the 3rd quarter. Fisher Asset Management LLC now owns 8,919 shares of the company’s stock valued at $315,000 after purchasing an additional 304 shares in the last quarter. M&T Bank Corp raised its holdings in British American Tobacco by 4.3% in the 3rd quarter. M&T Bank Corp now owns 53,402 shares of the company’s stock worth $1,885,000 after purchasing an additional 2,199 shares during the period. Finally, Sigma Planning Corp boosted its position in British American Tobacco by 8.8% during the third quarter. Sigma Planning Corp now owns 11,031 shares of the company’s stock worth $389,000 after purchasing an additional 890 shares in the last quarter. Institutional investors and hedge funds own 13.42% of the company’s stock.

A number of analysts have commented on BTI shares. Royal Bank of Canada cut British American Tobacco to a “sector perform” rating in a research report on Tuesday, February 15th. Zacks Investment Research lowered British American Tobacco from a “hold” rating to a “sell” rating in a research report on Friday, March 25th. StockNews.com initiated coverage on shares of British American Tobacco in a report on Thursday, March 31st. They issued a “buy” rating on the stock. UBS Group set a GBX 3,600 ($46.84) price objective on shares of British American Tobacco in a research note on Friday, January 21st. Finally, JPMorgan Chase & Co. upgraded shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of “Buy” and a consensus price target of $3,600.00.

Shares of BTI opened at $42.71 on Tuesday. British American Tobacco has a 52 week low of $33.62 and a 52 week high of $47.24. The stock’s 50-day moving average price is $43.13 and its 200-day moving average price is $39.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.50 and a current ratio of 0.85.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, December 23rd will be issued a $0.7354 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Thursday, December 22nd.

British American Tobacco Company Profile (Get Rating)

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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