Dana Investment Advisors Inc. Makes New $430,000 Investment in British American Tobacco p.l.c. $BTI

Dana Investment Advisors Inc. purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,093 shares of the company’s stock, valued at approximately $430,000.

Several other institutional investors have also bought and sold shares of BTI. Zions Bancorporation National Association UT increased its position in shares of British American Tobacco by 46,488.4% during the 2nd quarter. Zions Bancorporation National Association UT now owns 173,309 shares of the company’s stock valued at $8,203,000 after purchasing an additional 172,937 shares during the period. WCM Investment Management LLC bought a new position in British American Tobacco during the third quarter valued at about $1,612,000. Lockheed Martin Investment Management Co. grew its holdings in British American Tobacco by 44.3% during the third quarter. Lockheed Martin Investment Management Co. now owns 421,800 shares of the company’s stock worth $22,389,000 after acquiring an additional 129,500 shares during the period. Truist Financial Corp raised its position in British American Tobacco by 6.0% in the third quarter. Truist Financial Corp now owns 427,284 shares of the company’s stock worth $22,680,000 after acquiring an additional 24,114 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its position in shares of British American Tobacco by 252.5% during the 3rd quarter. AdvisorShares Investments LLC now owns 24,846 shares of the company’s stock valued at $1,319,000 after purchasing an additional 17,798 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Weiss Ratings upgraded British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Finally, Kepler Capital Markets began coverage on British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating on the stock. Eight research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Trading Down 0.0%

BTI opened at $62.66 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 $58.81 and a 200-day moving average of $56.30.

British American Tobacco Dividend Announcement

The firm 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 dividend of $0.8349 per share. This represents a $3.34 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend 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.