AMG National Trust Bank Has $2.38 Million Holdings in British American Tobacco p.l.c. $BTI

AMG National Trust Bank trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 32.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,794 shares of the company’s stock after selling 21,088 shares during the quarter. AMG National Trust Bank’s holdings in British American Tobacco were worth $2,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTI. True Wealth Design LLC acquired a new stake in shares of British American Tobacco in the third quarter worth $29,000. Cary Street Partners Financial LLC acquired a new stake in British American Tobacco during the second quarter valued at $30,000. Salem Investment Counselors Inc. boosted its position in British American Tobacco by 48.6% during the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of British American Tobacco by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after buying an additional 391 shares in the last quarter. Finally, City Holding Co. acquired a new stake in British American Tobacco in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BTI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Weiss Ratings upgraded shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Kepler Capital Markets began coverage on British American Tobacco in a research report on Friday, December 12th. They issued a “buy” rating for the company. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Eight analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, British American Tobacco presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Trading Up 1.7%

NYSE BTI opened at $62.06 on Friday. British American Tobacco p.l.c. has a twelve month low of $37.31 and a twelve month high of $63.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The company’s 50-day simple moving average is $58.27 and its 200 day simple moving average is $56.11.

British American Tobacco Announces Dividend

The business also recently announced 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 of this dividend is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.4%.

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.