Atria Wealth Solutions Inc. Grows Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Atria Wealth Solutions Inc. lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,726 shares of the company’s stock after buying an additional 5,745 shares during the period. Atria Wealth Solutions Inc.’s holdings in British American Tobacco were worth $1,074,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Plan Group Financial LLC bought a new position in shares of British American Tobacco during the first quarter valued at about $1,510,000. Allianz SE bought a new position in shares of British American Tobacco during the first quarter valued at about $194,000. Scotia Capital Inc. raised its stake in shares of British American Tobacco by 33.0% during the first quarter. Scotia Capital Inc. now owns 51,411 shares of the company’s stock valued at $2,127,000 after acquiring an additional 12,758 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of British American Tobacco by 7.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,662 shares of the company’s stock worth $1,889,000 after purchasing an additional 3,074 shares during the period. Finally, US Bancorp DE lifted its position in shares of British American Tobacco by 19.7% in the 1st quarter. US Bancorp DE now owns 91,804 shares of the company’s stock worth $3,798,000 after purchasing an additional 15,120 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $58.32 on Tuesday. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $58.35. The stock has a market cap of $120.12 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $50.52 and its 200-day moving average price is $44.59.

British American Tobacco Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.