British American Tobacco PLC (BTI) Lowered to Hold at Zacks Investment Research

British American Tobacco PLC (NYSEMKT:BTI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

Other research analysts have also issued reports about the stock. Argus upgraded shares of British American Tobacco PLC from a “hold” rating to a “buy” rating in a research note on Monday, March 6th. Berenberg Bank raised shares of British American Tobacco PLC from a “hold” rating to a “buy” rating in a report on Friday, February 10th. raised shares of British American Tobacco PLC from an “underperform” rating to an “outperform” rating in a report on Monday, November 21st. Finally, Royal Bank of Canada raised shares of British American Tobacco PLC from an “underperform” rating to a “sector perform” rating in a report on Friday, January 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.00.

Analyst Recommendations for British American Tobacco PLC (NYSEMKT:BTI)

Shares of British American Tobacco PLC (NYSEMKT:BTI) traded up 0.23% on Monday, hitting $64.35. 1,128,021 shares of the stock traded hands. The firm has a market cap of $119.64 billion and a P/E ratio of 21.21. British American Tobacco PLC has a 52 week low of $52.71 and a 52 week high of $65.67. The stock has a 50-day moving average price of $84.11 and a 200 day moving average price of $108.33.

The company also recently declared a semiannual dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, March 17th will be issued a $1.4771 dividend. This represents a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, March 15th.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacad Investment Ltd. increased its position in shares of British American Tobacco PLC by 417.6% in the fourth quarter. Pacad Investment Ltd. now owns 8,800 shares of the company’s stock valued at $991,000 after buying an additional 7,100 shares during the last quarter. Richard C. Young & CO. LTD. increased its position in shares of British American Tobacco PLC by 2.5% in the fourth quarter. Richard C. Young & CO. LTD. now owns 62,960 shares of the company’s stock valued at $7,094,000 after buying an additional 1,556 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of British American Tobacco PLC during the fourth quarter valued at approximately $341,000. Frontier Wealth Management LLC purchased a new position in shares of British American Tobacco PLC during the fourth quarter valued at approximately $323,000. Finally, FMR LLC increased its position in shares of British American Tobacco PLC by 30.0% in the fourth quarter. FMR LLC now owns 10,883,770 shares of the company’s stock valued at $1,226,274,000 after buying an additional 2,514,753 shares during the last quarter.

British American Tobacco PLC Company Profile

British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.

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