Pitcairn Co. Buys 15,477 Shares of British American Tobacco p.l.c. $BTI

Pitcairn Co. increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 190.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,606 shares of the company’s stock after purchasing an additional 15,477 shares during the quarter. Pitcairn Co.’s holdings in British American Tobacco were worth $1,253,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Perennial Investment Advisors LLC raised its stake in shares of British American Tobacco by 8.1% during the third quarter. Perennial Investment Advisors LLC now owns 6,256 shares of the company’s stock worth $332,000 after buying an additional 468 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in British American Tobacco by 53.2% in the third quarter. Orion Porfolio Solutions LLC now owns 141,815 shares of the company’s stock valued at $7,528,000 after acquiring an additional 49,240 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in British American Tobacco by 13.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,355 shares of the company’s stock worth $497,000 after acquiring an additional 1,088 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of British American Tobacco by 14.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 1,284,550 shares of the company’s stock valued at $68,184,000 after purchasing an additional 160,048 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its position in shares of British American Tobacco by 40.2% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 6,052 shares of the company’s stock worth $326,000 after purchasing an additional 1,736 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

BTI has been the topic of a number of recent analyst reports. Kepler Capital Markets initiated coverage on British American Tobacco in a report on Friday, December 12th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Finally, Weiss Ratings raised shares of British American Tobacco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Price Performance

NYSE BTI opened at $57.81 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $59.10 and its two-hundred day moving average price is $56.39. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, December 29th will be paid 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 5.8%.

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.