Advisory Research Inc. Invests $2.73 Million in British American Tobacco p.l.c. $BTI

Advisory Research Inc. purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 51,468 shares of the company’s stock, valued at approximately $2,732,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital International Investors lifted its holdings in shares of British American Tobacco by 3.0% in the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock worth $3,399,352,000 after purchasing an additional 1,891,042 shares during the last quarter. Capital Research Global Investors increased its position in British American Tobacco by 2.6% in the third quarter. Capital Research Global Investors now owns 22,068,891 shares of the company’s stock worth $1,171,399,000 after buying an additional 559,189 shares during the period. Orbis Allan Gray Ltd boosted its holdings in shares of British American Tobacco by 20.7% during the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after acquiring an additional 2,482,737 shares during the period. Capital World Investors grew its position in shares of British American Tobacco by 12,870.7% during the third quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock worth $502,687,000 after acquiring an additional 9,397,693 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of British American Tobacco by 35.1% in the 2nd quarter. Bank of America Corp DE now owns 5,355,932 shares of the company’s stock worth $253,496,000 after acquiring an additional 1,392,799 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

British American Tobacco Trading Up 1.2%

BTI opened at $59.87 on Friday. British American Tobacco p.l.c. has a 12-month low of $37.96 and a 12-month high of $63.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The stock has a fifty day moving average of $59.30 and a 200-day moving average of $56.41.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be issued a dividend of $0.8349 per share. This represents a $3.34 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, December 29th.

British American Tobacco Company Profile

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.