Charles Schwab Investment Management Inc. Increases Stock Position in British American Tobacco p.l.c. $BTI

Charles Schwab Investment Management Inc. raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,084 shares of the company’s stock after buying an additional 26,721 shares during the period. Charles Schwab Investment Management Inc.’s holdings in British American Tobacco were worth $7,698,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BTI. Rosenberg Matthew Hamilton boosted its position in British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after buying an additional 280 shares during the period. Golden State Wealth Management LLC raised its holdings in British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after purchasing an additional 305 shares in the last quarter. Ameriflex Group Inc. bought a new position in British American Tobacco in the 4th quarter worth $26,000. Financial Management Professionals Inc. raised its holdings in British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after purchasing an additional 278 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

BTI has been the subject of several research reports. Bank of America initiated coverage on shares of 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 report on Friday, June 13th. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Jefferies Financial Group began coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

British American Tobacco Stock Down 0.7%

NYSE:BTI opened at $57.38 on Wednesday. The firm has a market cap of $118.18 billion, a P/E ratio of 11.78, a P/E/G ratio of 2.32 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $59.29. The firm has a 50-day simple moving average of $52.71 and a two-hundred day simple moving average of $45.91.

British American Tobacco Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th were paid a $0.7391 dividend. The ex-dividend date was Friday, June 27th. This represents a dividend yield of 599.0%. British American Tobacco’s payout ratio is currently 64.68%.

About British American Tobacco

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.