Dorsey Wright & Associates Purchases New Holdings in British American Tobacco p.l.c. $BTI

Dorsey Wright & Associates purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,149 shares of the company’s stock, valued at approximately $1,335,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in shares of British American Tobacco during the 3rd quarter worth $29,000. Cary Street Partners Financial LLC acquired a new position in British American Tobacco in the second quarter valued at about $30,000. Salem Investment Counselors Inc. lifted 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 worth $34,000 after purchasing an additional 207 shares during the period. Binnacle Investments Inc grew its stake in British American Tobacco by 163.2% during the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after buying an additional 465 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in British American Tobacco by 100.0% during the third quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after buying an additional 391 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Kepler Capital Markets assumed coverage on shares of British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating on the stock. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Price Performance

BTI opened at $60.54 on Wednesday. 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 company’s 50 day moving average is $59.61 and its 200-day moving average is $56.47. British American Tobacco p.l.c. has a 1-year low of $37.96 and a 1-year high of $63.22.

British American Tobacco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Shareholders 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 yield of 5.5%.

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.