Wealthsource Partners LLC Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Wealthsource Partners LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTI – Get Rating) by 23.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,160 shares of the company’s stock after buying an additional 1,753 shares during the quarter. Wealthsource Partners LLC’s holdings in British American Tobacco were worth $325,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA bought a new position in British American Tobacco in the 2nd quarter worth about $206,000. Sowell Financial Services LLC boosted its stake in British American Tobacco by 3.0% in the 3rd quarter. Sowell Financial Services LLC now owns 15,308 shares of the company’s stock worth $565,000 after purchasing an additional 442 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in British American Tobacco by 6.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 398,012 shares of the company’s stock worth $17,083,000 after purchasing an additional 25,375 shares in the last quarter. Concorde Asset Management LLC bought a new position in British American Tobacco in the 3rd quarter worth about $1,124,000. Finally, Ellsworth Advisors LLC boosted its stake in British American Tobacco by 2.9% in the 3rd quarter. Ellsworth Advisors LLC now owns 92,386 shares of the company’s stock worth $3,280,000 after purchasing an additional 2,638 shares in the last quarter. Institutional investors own 6.37% of the company’s stock.

British American Tobacco Price Performance

Shares of BTI opened at $36.79 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.86 and a debt-to-equity ratio of 0.51. British American Tobacco p.l.c. has a 1 year low of $35.47 and a 1 year high of $45.28. The company has a 50 day simple moving average of $38.20 and a two-hundred day simple moving average of $38.88.

British American Tobacco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.7006 per share. This is a positive change from British American Tobacco’s previous quarterly dividend of $0.70. This represents a $2.80 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date is Thursday, December 21st.

Analysts Set New Price Targets

Several equities analysts have issued reports on BTI shares. StockNews.com upgraded shares of British American Tobacco from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. cut shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research note on Monday.

British American Tobacco Profile

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British American Tobacco plc is a holding company, which engages in the manufacture and distribution of tobacco products. Its brands include Kent, Dunhill, Lucky Strike, and Pall Mall. It operates through the following geographical segments: United States, Asia-Pacific and Middle East (APME), Americas and Sub-Saharan Africa (AMSSA), and Europe and North Africa (ENA).