British American Tobacco p.l.c. $BTI Shares Purchased by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 319.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,414 shares of the company’s stock after purchasing an additional 16,313 shares during the period. Cantor Fitzgerald L. P.’s holdings in British American Tobacco were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in British American Tobacco in the 3rd quarter valued at $1,612,000. Lockheed Martin Investment Management Co. raised its position 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 lifted its holdings in British American Tobacco by 6.0% during the third quarter. Truist Financial Corp now owns 427,284 shares of the company’s stock valued at $22,680,000 after purchasing an additional 24,114 shares in the last quarter. AdvisorShares Investments LLC grew its position in shares of British American Tobacco by 252.5% in the third 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 during the period. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of British American Tobacco during the second quarter worth about $391,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on BTI shares. Weiss Ratings raised shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Kepler Capital Markets began coverage on British American Tobacco in a report on Friday, December 12th. They set a “buy” rating for the company. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday. Eight research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

BTI opened at $58.03 on Thursday. British American Tobacco p.l.c. has a twelve month low of $37.96 and a twelve 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 firm’s 50-day moving average price is $59.70 and its 200 day moving average price is $56.48.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be given a $0.8349 dividend. The ex-dividend date is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.8%.

About British American Tobacco

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.