Zacks Investment Research lowered shares of British American Tobacco (NYSE:BTI) from a buy rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “
Other equities analysts have also recently issued research reports about the company. Cowen raised British American Tobacco from a market perform rating to an outperform rating in a report on Tuesday, September 26th. Goldman Sachs Group raised British American Tobacco from a neutral rating to a buy rating in a report on Monday, October 9th. Finally, Jefferies Group set a $78.00 target price on British American Tobacco and gave the stock a buy rating in a report on Saturday, November 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $77.33.
The company also recently announced a None dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Friday, December 29th will be issued a $0.581 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 1.73%.
A number of institutional investors and hedge funds have recently modified their holdings of BTI. BB&T Investment Services Inc. grew its position in shares of British American Tobacco by 625.6% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock valued at $101,000 after buying an additional 1,395 shares during the last quarter. Delta Asset Management LLC TN grew its position in shares of British American Tobacco by 908.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock valued at $102,000 after buying an additional 1,472 shares during the last quarter. D. Scott Neal Inc. bought a new stake in shares of British American Tobacco in the 3rd quarter valued at about $106,000. Krilogy Financial LLC bought a new stake in shares of British American Tobacco in the 3rd quarter valued at about $106,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of British American Tobacco in the 3rd quarter valued at about $109,000. 8.69% of the stock is owned by institutional investors and hedge funds.
About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.