CenterBook Partners LP Buys 10,669 Shares of British American Tobacco p.l.c. $BTI

CenterBook Partners LP raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 9.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 118,697 shares of the company’s stock after acquiring an additional 10,669 shares during the quarter. CenterBook Partners LP’s holdings in British American Tobacco were worth $6,300,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. City State Bank lifted its position in shares of British American Tobacco by 10.5% in the 3rd quarter. City State Bank now owns 2,105 shares of the company’s stock worth $112,000 after acquiring an additional 200 shares during the period. Salem Investment Counselors Inc. lifted its position in British American Tobacco by 48.6% in 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. Western Wealth Management LLC boosted its stake in British American Tobacco by 2.5% during the second quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock worth $410,000 after buying an additional 208 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in British American Tobacco by 2.0% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,524 shares of the company’s stock valued at $612,000 after buying an additional 222 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in shares of British American Tobacco by 1.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock valued at $915,000 after buying an additional 223 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, January 21st. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Finally, Kepler Capital Markets began coverage on shares of British American Tobacco in a research note on Friday, December 12th. They set a “buy” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Performance

BTI stock opened at $58.95 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $37.31 and a twelve month high of $63.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The business’s fifty day moving average is $58.12 and its 200-day moving average is $56.01.

British American Tobacco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, December 29th will be given a dividend of $0.8349 per share. This represents a $3.34 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Tuesday, December 29th.

British American Tobacco Company 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.