E Fund Management Co. Ltd. Purchases New Stake in British American Tobacco p.l.c. (NYSE:BTI)

E Fund Management Co. Ltd. purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,212 shares of the company’s stock, valued at approximately $1,167,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its stake in British American Tobacco by 87.0% during the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after purchasing an additional 280 shares during the last quarter. Golden State Wealth Management LLC increased its stake in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after purchasing an additional 305 shares during the last quarter. Financial Management Professionals Inc. increased its stake in British American Tobacco by 78.5% during 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 last quarter. Mather Group LLC. increased its stake in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after purchasing an additional 480 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in British American Tobacco during the fourth quarter valued at $26,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BTI shares. Barclays reiterated an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Finally, Bank of America started coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.00.

British American Tobacco Stock Performance

BTI stock opened at $57.13 on Thursday. The company has a market capitalization of $117.67 billion, a P/E ratio of 11.73, a PEG ratio of 2.27 and a beta of 0.38. The company has a 50-day simple moving average of $50.97 and a 200 day simple moving average of $44.77. British American Tobacco p.l.c. has a fifty-two week low of $34.17 and a fifty-two week high of $58.46. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

British American Tobacco Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 30th were issued a $0.7391 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a yield of 599.0%. British American Tobacco’s dividend payout ratio is presently 64.68%.

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.