Zacks Investment Research upgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $73.00 price target on the stock.
According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “
BTI has been the subject of a number of other research reports. Goldman Sachs Group reissued a neutral rating on shares of British American Tobacco in a report on Friday, August 11th. BidaskClub downgraded British American Tobacco from a sell rating to a strong sell rating in a report on Saturday, August 19th. Jefferies Group set a $78.00 price target on British American Tobacco and gave the company a buy rating in a research note on Saturday, November 18th. Cowen raised British American Tobacco from a market perform rating to an outperform rating in a research note on Tuesday, September 26th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating on shares of British American Tobacco in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $72.25.
The business also recently declared a None dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, December 29th will be paid a $0.581 dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.
A number of hedge funds have recently bought and sold shares of BTI. IFP Advisors Inc boosted its holdings in shares of British American Tobacco by 14.0% during the 2nd quarter. IFP Advisors Inc now owns 3,137 shares of the company’s stock worth $215,000 after buying an additional 386 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in British American Tobacco by 4.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 21,700 shares of the company’s stock valued at $1,487,000 after purchasing an additional 998 shares during the period. Segantii Capital Management Ltd bought a new position in shares of British American Tobacco during the 2nd quarter worth $1,020,000. First Trust Advisors LP grew its stake in shares of British American Tobacco by 6.0% during the 2nd quarter. First Trust Advisors LP now owns 374,026 shares of the company’s stock worth $25,636,000 after acquiring an additional 21,288 shares during the period. Finally, Cumberland Partners Ltd grew its stake in shares of British American Tobacco by 3.3% during the 2nd quarter. Cumberland Partners Ltd now owns 106,630 shares of the company’s stock worth $7,308,000 after acquiring an additional 3,400 shares during the period. 9.35% of the stock is owned by institutional investors and hedge funds.
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British American Tobacco Company Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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