D.A. Davidson & CO. Has $1.19 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

D.A. Davidson & CO. increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTIFree Report) by 99.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,857 shares of the company’s stock after acquiring an additional 18,906 shares during the quarter. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $1,189,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of British American Tobacco by 7.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,362 shares of the company’s stock valued at $145,000 after purchasing an additional 305 shares in the last quarter. Parallel Advisors LLC boosted its position in British American Tobacco by 4.7% during the 2nd quarter. Parallel Advisors LLC now owns 7,032 shares of the company’s stock worth $233,000 after buying an additional 314 shares during the period. Cyndeo Wealth Partners LLC boosted its position in British American Tobacco by 2.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 12,608 shares of the company’s stock worth $396,000 after buying an additional 327 shares during the period. Checchi Capital Advisers LLC boosted its position in British American Tobacco by 3.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 13,129 shares of the company’s stock worth $436,000 after buying an additional 381 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its position in British American Tobacco by 1.6% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 23,906 shares of the company’s stock worth $759,000 after buying an additional 382 shares during the period. 7.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley assumed coverage on shares of British American Tobacco in a report on Wednesday, November 1st. They set an “overweight” rating for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on British American Tobacco

British American Tobacco Stock Performance

British American Tobacco stock opened at $30.75 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.93. British American Tobacco p.l.c. has a 52-week low of $28.35 and a 52-week high of $38.90. The firm has a 50 day moving average price of $29.77 and a two-hundred day moving average price of $31.10.

British American Tobacco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.733 per share. This is a positive change from British American Tobacco’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $2.93 annualized dividend and a yield of 9.53%.

British American Tobacco Company Profile

(Free Report)

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, 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.

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

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