Mather Group LLC. Buys 480 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Mather Group LLC. lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 292.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 644 shares of the company’s stock after acquiring an additional 480 shares during the quarter. Mather Group LLC.’s holdings in British American Tobacco were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTI. Capital International Investors boosted its stake in British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company’s stock valued at $1,411,179,000 after purchasing an additional 5,673,619 shares during the period. FMR LLC raised its holdings in British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company’s stock valued at $371,641,000 after acquiring an additional 3,127,046 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of British American Tobacco by 2,565.4% during the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company’s stock worth $75,521,000 after buying an additional 2,001,311 shares in the last quarter. Bridgewater Associates LP raised its holdings in shares of British American Tobacco by 261.7% during the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company’s stock worth $97,388,000 after buying an additional 1,940,035 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of British American Tobacco during the 4th quarter worth $55,620,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $48.35 on Monday. The company has a market cap of $99.84 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.33. British American Tobacco p.l.c. has a 52 week low of $31.50 and a 52 week high of $49.58. The business has a 50 day moving average price of $45.71 and a 200-day moving average price of $41.61. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

British American Tobacco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be given a dividend of $0.7391 per share. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s payout ratio is 60.78%.

Analyst Upgrades and Downgrades

BTI has been the subject of a number of recent research reports. Bank of America started coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a “buy” rating for the company. Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, British American Tobacco has an average rating of “Hold” and a consensus price target of $33.00.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.