CWA Asset Management Group LLC Raises Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

CWA Asset Management Group LLC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 25.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,946 shares of the company’s stock after acquiring an additional 10,633 shares during the period. CWA Asset Management Group LLC’s holdings in British American Tobacco were worth $2,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. raised its position in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after purchasing an additional 278 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of British American Tobacco in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. lifted its stake in British American Tobacco by 294.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after acquiring an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco in the 4th quarter valued at about $27,000. Finally, CX Institutional acquired a new position in shares of British American Tobacco in the first quarter valued at approximately $34,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 1.2%

Shares of NYSE:BTI opened at $49.35 on Thursday. The company has a market cap of $102.00 billion, a PE ratio of 10.13, a P/E/G ratio of 4.09 and a beta of 0.31. The company’s 50 day moving average is $44.29 and its two-hundred day moving average is $40.68. British American Tobacco p.l.c. has a 52 week low of $30.81 and a 52 week high of $49.58. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65.

British American Tobacco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be given a dividend of $0.7391 per share. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is presently 65.09%.

Wall Street Analysts Forecast Growth

BTI has been the subject of several recent research reports. Barclays reissued an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.00.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.