Centiva Capital LP Takes $563,000 Position in British American Tobacco p.l.c. $BTI

Centiva Capital LP purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 10,602 shares of the company’s stock, valued at approximately $563,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of British American Tobacco by 35.2% during the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock worth $1,155,000 after acquiring an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC grew its stake in British American Tobacco by 42.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after purchasing an additional 2,521 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of British American Tobacco by 103.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 92,696 shares of the company’s stock valued at $4,387,000 after purchasing an additional 47,034 shares in the last quarter. Creative Planning boosted its stake in shares of British American Tobacco by 15.0% during the 2nd quarter. Creative Planning now owns 206,866 shares of the company’s stock valued at $9,791,000 after buying an additional 27,045 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of British American Tobacco by 44.6% during the second quarter. Cetera Investment Advisers now owns 290,114 shares of the company’s stock worth $13,731,000 after buying an additional 89,525 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI stock opened at $59.93 on Monday. British American Tobacco p.l.c. has a 1-year low of $37.96 and a 1-year high of $63.22. The firm has a fifty day moving average price of $59.37 and a two-hundred day moving average price of $56.41. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66.

British American Tobacco Announces Dividend

The firm 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. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, December 29th.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings upgraded British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Kepler Capital Markets started coverage on British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating for the company. Eight research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, British American Tobacco currently 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.