Diversify Wealth Management LLC Invests $1.14 Million in British American Tobacco p.l.c. $BTI

Diversify Wealth Management LLC acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,679 shares of the company’s stock, valued at approximately $1,137,000.

Other large investors have also added to or reduced their stakes in the company. City State Bank lifted its holdings in shares of British American Tobacco by 10.5% during the 3rd quarter. City State Bank now owns 2,105 shares of the company’s stock valued at $112,000 after buying an additional 200 shares during the period. Salem Investment Counselors Inc. increased 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 acquiring an additional 207 shares during the last quarter. Western Wealth Management LLC increased its position in British American Tobacco by 2.5% during the second quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock valued at $410,000 after acquiring an additional 208 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in British American Tobacco by 2.0% in the third quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock worth $612,000 after purchasing an additional 222 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of British American Tobacco by 1.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock valued at $915,000 after purchasing an additional 223 shares during the period. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

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

British American Tobacco Trading Down 0.0%

BTI opened at $62.66 on Friday. 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 firm’s fifty day moving average is $58.81 and its 200 day moving average is $56.29. British American Tobacco p.l.c. has a fifty-two week low of $37.96 and a fifty-two week high of $63.22.

British American Tobacco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be paid 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 5.3%.

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.