LifePlan Financial Group Inc Buys Shares of 7,215 British American Tobacco PLC (BTI)

LifePlan Financial Group Inc bought a new position in British American Tobacco PLC (NYSE:BTI) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 7,215 shares of the company’s stock, valued at approximately $451,000.

Other large investors also recently bought and sold shares of the company. Verity & Verity LLC lifted its position in shares of British American Tobacco by 61.1% in the 3rd quarter. Verity & Verity LLC now owns 34,736 shares of the company’s stock worth $2,169,000 after purchasing an additional 13,174 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of British American Tobacco by 12.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 116,556 shares of the company’s stock worth $7,989,000 after purchasing an additional 12,748 shares during the period. Pictet Asset Management Ltd. purchased a new stake in shares of British American Tobacco in the 3rd quarter worth about $23,599,000. CIBC World Markets Inc. lifted its position in shares of British American Tobacco by 99.3% in the 2nd quarter. CIBC World Markets Inc. now owns 37,866 shares of the company’s stock worth $2,595,000 after purchasing an additional 18,863 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of British American Tobacco by 19.6% in the 2nd quarter. Alliancebernstein L.P. now owns 434,317 shares of the company’s stock worth $29,768,000 after purchasing an additional 71,216 shares during the period. 9.35% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco PLC (BTI) opened at $66.51 on Friday. British American Tobacco PLC has a 12-month low of $54.68 and a 12-month high of $73.41. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

The firm also recently declared a None dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, December 29th will be given a dividend of $0.581 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 1.73%.

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Tuesday, August 15th. Goldman Sachs Group reissued a “neutral” rating on shares of British American Tobacco in a research report on Friday, August 11th. BidaskClub cut shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the company a “buy” rating in a research report on Saturday, November 18th. Finally, Cowen raised shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $72.25.

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British American Tobacco Company Profile

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).

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

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