Cliftonlarsonallen Wealth Advisors LLC Takes $618,000 Position in British American Tobacco p.l.c. $BTI

Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,915 shares of the company’s stock, valued at approximately $618,000.

A number of other institutional investors have also recently bought and sold shares of BTI. True Wealth Design LLC acquired a new stake in British American Tobacco during the 3rd quarter worth about $29,000. Cary Street Partners Financial LLC acquired a new stake in British American Tobacco during the 2nd quarter worth about $30,000. Salem Investment Counselors Inc. boosted its position in British American Tobacco by 48.6% during the 3rd quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares during the period. Binnacle Investments Inc boosted its position in British American Tobacco by 163.2% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after acquiring an additional 465 shares during the period. Finally, Westside Investment Management Inc. boosted its position in British American Tobacco by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after acquiring an additional 391 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $58.84 on Friday. The business’s 50-day moving average price is $59.88 and its two-hundred day moving average price is $56.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a one year low of $39.55 and a one year high of $63.22.

British American Tobacco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be paid a $0.8349 dividend. The ex-dividend date is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a yield of 5.7%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BTI shares. Weiss Ratings upgraded British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Finally, Kepler Capital Markets initiated coverage on British American Tobacco in a research report on Friday, December 12th. They set a “buy” rating for the company. Eight research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco 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.