JPMorgan Chase & Co. Has $144.60 Million Holdings in British American Tobacco p.l.c. $BTI

JPMorgan Chase & Co. trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,724,117 shares of the company’s stock after selling 24,207 shares during the period. JPMorgan Chase & Co.’s holdings in British American Tobacco were worth $144,596,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in British American Tobacco by 13.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 105,475 shares of the company’s stock valued at $5,599,000 after acquiring an additional 12,779 shares during the period. HighTower Advisors LLC increased its holdings in shares of British American Tobacco by 6.6% in the third quarter. HighTower Advisors LLC now owns 197,437 shares of the company’s stock valued at $10,480,000 after purchasing an additional 12,259 shares during the last quarter. Atlantic Family Wealth LLC raised its position in shares of British American Tobacco by 32.2% in the third quarter. Atlantic Family Wealth LLC now owns 6,143 shares of the company’s stock valued at $326,000 after purchasing an additional 1,497 shares during the period. Assetmark Inc. lifted its stake in shares of British American Tobacco by 0.4% during the 3rd quarter. Assetmark Inc. now owns 534,746 shares of the company’s stock worth $28,384,000 after buying an additional 2,328 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of British American Tobacco by 19.0% during the 3rd quarter. Atria Investments Inc now owns 99,735 shares of the company’s stock worth $5,294,000 after buying an additional 15,941 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

British American Tobacco stock opened at $62.06 on Friday. 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 stock’s fifty day moving average price is $58.27 and its two-hundred day moving average price is $56.11. British American Tobacco p.l.c. has a one year low of $37.31 and a one year high of $63.03.

British American Tobacco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be given a dividend of $0.8349 per share. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $3.34 annualized dividend and a yield of 5.4%.

Analyst Ratings Changes

BTI has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Kepler Capital Markets initiated coverage on British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating on the stock. Weiss Ratings upgraded British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Morgan Stanley reissued an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Eight research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.00.

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.