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Venturi Wealth Management LLC has increased its shares in British American Tobacco (NYE:BTI) by 23.2% during Q4, according to a recent filing with the SEC. Other institutional investors, including BlackRock and Dimensional Fund Advisors LP, have also modified their holdings of the company. As of writing, 6.37% of the stock is owned by hedge funds and institutional investors. British American Tobacco recently announced an increased quarterly dividend and has a current ratio of 0.86, a quick ratio of 0.55, and a financial ratio of 0.51. The company’s average price is $35.46.
British American Tobacco Increases Dividend
In addition to the recent increase in institutional ownership, BTI Stock also recently announced an increase in its quarterly dividend. The new dividend of $0.7006 per share represents a positive change from the previous quarterly dividend of $0.70. The dividend will be paid on February 6th to shareholders of record as of December 22nd. With an annualized dividend of $2.80 and a dividend yield of 7.91%. British American Tobacco continues to provide a strong dividend payout to its shareholders. Despite some recent downgrades by research firms, the company’s dividend yield and long-term growth prospects may continue to attract investors.
BTI Stock Analysis & Forecast
According to the predictions of analysts, the average target price for British American Tobacco PLC ADR stock over the next year is USD 57.34. The average rating given by analysts for the stock is Hold. Stock Target Advisor has conducted its own analysis of the stock and determined it to be Slightly Bullish, based on 9 positive signals and 6 negative signals. The stock closed at USD 35.46 at the end of the last trading session, which represents a change of +0.51% over the past week, -3.77% over the past month, and -17.71% over the last year.
Business Profile
British American Tobacco is a global company that provides tobacco and nicotine products to consumers worldwide. The company offers a variety of products, including vapour, tobacco heating, and modern oral nicotine products, combustible cigarettes. These products are marketed under a number of well-known various brands. The company distribute its products to retail outlets across the world. British American Tobacco was founded in 1902 and has its headquarters in London, United Kingdom.
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