CWA Asset Management Group LLC Cuts Holdings in British American Tobacco p.l.c. $BTI

CWA Asset Management Group LLC decreased its position in British American Tobacco p.l.c. (NYSE:BTI) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,308 shares of the company’s stock after selling 24,817 shares during the period. CWA Asset Management Group LLC’s holdings in British American Tobacco were worth $2,962,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BTI. True Wealth Design LLC bought a new position in shares of British American Tobacco in the third quarter valued at approximately $29,000. Cary Street Partners Financial LLC bought a new stake in British American Tobacco during the second quarter worth $30,000. Salem Investment Counselors Inc. boosted its position in British American Tobacco by 48.6% in the third quarter. Salem Investment Counselors Inc. now owns 633 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares during the last quarter. Binnacle Investments Inc grew its stake in British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock valued at $40,000 after purchasing an additional 465 shares during the period. Finally, Westside Investment Management Inc. increased its position in shares of British American Tobacco by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock valued at $41,000 after purchasing an additional 391 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BTI. Weiss Ratings raised shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft restated 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 note on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Kepler Capital Markets started coverage on shares of British American Tobacco in a research note on Friday, December 12th. They set a “buy” rating for the company. Eight analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, British American Tobacco currently has an average rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Performance

Shares of BTI opened at $57.35 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $37.96 and a fifty-two week high of $63.22. The business has a 50-day moving average of $59.84 and a 200 day moving average of $56.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57.

British American Tobacco Announces Dividend

The firm also recently announced 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 is Tuesday, December 29th. This represents a $3.34 annualized dividend and a dividend yield of 5.8%.

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.