British American Tobacco p.l.c. $BTI Shares Bought by AlphaCore Capital LLC

AlphaCore Capital LLC lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 566.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,679 shares of the company’s stock after purchasing an additional 9,076 shares during the quarter. AlphaCore Capital LLC’s holdings in British American Tobacco were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compound Planning Inc. grew its stake in British American Tobacco by 2.9% during the 3rd quarter. Compound Planning Inc. now owns 42,033 shares of the company’s stock worth $2,231,000 after buying an additional 1,198 shares during the last quarter. Dana Investment Advisors Inc. bought a new stake in British American Tobacco in the third quarter valued at $430,000. EverSource Wealth Advisors LLC boosted its holdings in shares of British American Tobacco by 4.6% during the third quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $312,000 after acquiring an additional 260 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of British American Tobacco by 40.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 6,072 shares of the company’s stock worth $322,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Legacy Financial Advisors Inc. acquired a new stake in shares of British American Tobacco in the 3rd quarter worth about $852,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

BTI has been the subject of a number of analyst reports. Kepler Capital Markets initiated coverage on shares of British American Tobacco in a research note on Friday, December 12th. They set a “buy” rating for the company. Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Weiss Ratings raised British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Trading Down 0.0%

Shares of NYSE:BTI opened at $62.66 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 12 month low of $37.96 and a 12 month high of $63.22. The stock’s 50 day moving average price is $58.81 and its 200 day moving average price is $56.29.

British American Tobacco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be issued a $0.8349 dividend. The ex-dividend date is Tuesday, December 29th. This represents a $3.34 annualized dividend and a dividend yield of 5.3%.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.