Creative Planning Decreases Stake in British American Tobacco PLC (BTI)

Creative Planning lowered its position in British American Tobacco PLC (NYSE:BTI) by 7.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,795 shares of the company’s stock after selling 6,188 shares during the period. Creative Planning’s holdings in British American Tobacco were worth $5,077,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vontobel Asset Management Inc. raised its position in shares of British American Tobacco by 28.1% in the 4th quarter. Vontobel Asset Management Inc. now owns 1,282,336 shares of the company’s stock worth $85,905,000 after acquiring an additional 281,543 shares in the last quarter. Atria Investments LLC raised its position in shares of British American Tobacco by 82.9% in the 4th quarter. Atria Investments LLC now owns 10,090 shares of the company’s stock worth $676,000 after acquiring an additional 4,572 shares in the last quarter. Arbor Investment Advisors LLC bought a new position in shares of British American Tobacco in the 4th quarter worth approximately $608,000. Waverton Investment Management Ltd raised its position in shares of British American Tobacco by 0.6% in the 4th quarter. Waverton Investment Management Ltd now owns 448,712 shares of the company’s stock worth $30,059,000 after acquiring an additional 2,627 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position in shares of British American Tobacco by 14.2% in the 4th quarter. Sit Investment Associates Inc. now owns 32,379 shares of the company’s stock worth $2,169,000 after acquiring an additional 4,030 shares in the last quarter. 8.69% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco PLC (BTI) opened at $70.30 on Friday. British American Tobacco PLC has a 52-week low of $58.35 and a 52-week high of $73.41. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48.

The business also recently disclosed a None dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, December 29th will be given a dividend of $0.581 per share. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.

Several research analysts have recently issued reports on BTI shares. Cowen raised British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Goldman Sachs Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Jefferies Group set a $78.00 target price on British American Tobacco and gave the stock a “buy” rating in a research report on Saturday, November 18th. Finally, Zacks Investment Research raised British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.33.

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British American Tobacco 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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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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