D.A. Davidson & CO. Boosts Position in British American Tobacco p.l.c. (NYSE:BTI)

D.A. Davidson & CO. grew its stake in British American Tobacco p.l.c. (NYSE:BTIFree Report) by 99.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,857 shares of the company’s stock after acquiring an additional 18,906 shares during the quarter. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $1,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in British American Tobacco by 7.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,362 shares of the company’s stock worth $145,000 after acquiring an additional 305 shares during the period. Parallel Advisors LLC lifted its position in British American Tobacco by 4.7% during the 2nd quarter. Parallel Advisors LLC now owns 7,032 shares of the company’s stock worth $233,000 after acquiring an additional 314 shares during the period. Cyndeo Wealth Partners LLC lifted its position in British American Tobacco by 2.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 12,608 shares of the company’s stock worth $396,000 after acquiring an additional 327 shares during the period. Checchi Capital Advisers LLC lifted its position in British American Tobacco by 3.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 13,129 shares of the company’s stock worth $436,000 after acquiring an additional 381 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its position in British American Tobacco by 1.6% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 23,906 shares of the company’s stock worth $759,000 after acquiring an additional 382 shares during the period. 7.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BTI. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Wednesday, November 29th. Morgan Stanley began coverage on British American Tobacco in a report on Wednesday, November 1st. They issued an “overweight” rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, British American Tobacco currently has an average rating of “Moderate Buy”.

Get Our Latest Analysis on British American Tobacco

British American Tobacco Stock Down 2.3 %

NYSE:BTI opened at $30.75 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.93. The stock’s fifty day moving average is $29.77 and its two-hundred day moving average is $31.10. British American Tobacco p.l.c. has a 52 week low of $28.35 and a 52 week high of $38.90.

British American Tobacco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, March 22nd will be paid a $0.733 dividend. This is a boost from British American Tobacco’s previous quarterly dividend of $0.70. This represents a $2.93 annualized dividend and a dividend yield of 9.53%. The ex-dividend date of this dividend is Thursday, March 21st.

About British American Tobacco

(Free Report)

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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