PDS Planning Inc Has $286,000 Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

PDS Planning Inc increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 15.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,916 shares of the company’s stock after buying an additional 927 shares during the period. PDS Planning Inc’s holdings in British American Tobacco were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BTI. Golden State Wealth Management LLC lifted its position in shares of British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after purchasing an additional 305 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings 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 buying an additional 525 shares in the last quarter. Ameriflex Group Inc. bought a new position in British American Tobacco in the 4th quarter valued at $26,000. Financial Management Professionals Inc. increased its stake in shares of British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after buying an additional 278 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of British American Tobacco during the fourth quarter worth $27,000. Institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Finally, Bank of America began coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

British American Tobacco Stock Down 2.3%

Shares of British American Tobacco stock opened at $47.00 on Friday. The business has a fifty day simple moving average of $45.20 and a 200 day simple moving average of $41.20. The stock has a market cap of $97.04 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 4.04 and a beta of 0.31. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 12 month low of $30.81 and a 12 month high of $49.58.

British American Tobacco Cuts Dividend

The business 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. The ex-dividend date is Friday, June 27th. This represents a dividend yield of 5.99%. British American Tobacco’s payout ratio is currently 65.09%.

British American Tobacco 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.