Keystone Financial Group Grows Holdings in British American Tobacco PLC (BTI)

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Keystone Financial Group raised its stake in British American Tobacco PLC (NYSE:BTI) by 10.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,886 shares of the company’s stock after buying an additional 937 shares during the period. Keystone Financial Group’s holdings in British American Tobacco were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in BTI. FTB Advisors Inc. lifted its position in shares of British American Tobacco by 12.6% in the 1st quarter. FTB Advisors Inc. now owns 2,526 shares of the company’s stock worth $105,000 after purchasing an additional 283 shares during the period. Cerity Partners LLC lifted its position in shares of British American Tobacco by 3.1% in the 4th quarter. Cerity Partners LLC now owns 11,487 shares of the company’s stock worth $366,000 after purchasing an additional 345 shares during the period. Lenox Wealth Management Inc. lifted its position in shares of British American Tobacco by 153.3% in the 1st quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock worth $32,000 after purchasing an additional 469 shares during the period. Enterprise Financial Services Corp lifted its position in shares of British American Tobacco by 141.7% in the 1st quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock worth $36,000 after purchasing an additional 506 shares during the period. Finally, Baillie Gifford & Co. lifted its position in shares of British American Tobacco by 0.4% in the 4th quarter. Baillie Gifford & Co. now owns 137,840 shares of the company’s stock worth $4,392,000 after purchasing an additional 534 shares during the period. 6.48% of the stock is owned by institutional investors.

NYSE:BTI traded down $0.10 during midday trading on Thursday, reaching $37.46. 38,610 shares of the stock traded hands, compared to its average volume of 2,591,787. British American Tobacco PLC has a 12-month low of $30.67 and a 12-month high of $55.77. The company has a quick ratio of 0.41, a current ratio of 0.77 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $79.51 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.36 and a beta of 0.83.

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, March 22nd were given a dividend of $0.6745 per share. The ex-dividend date was Thursday, March 21st. This represents a $2.70 dividend on an annualized basis and a yield of 7.20%. British American Tobacco’s payout ratio is 66.16%.

Several equities research analysts have recently weighed in on BTI shares. Piper Jaffray Companies raised shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, February 12th. Finally, Citigroup raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $53.00.

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British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, 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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