British American Tobacco

Reynolds America is an American tobacco company which is a subsidiary of British American Tobacco and is the second-largest tobacco company in the United States. Its holdings include R. J. Reynolds Tobacco Company, American Snuff Company (formerly Conwood Company), Santa Fe Natural Tobacco Company, and Niconovum AB.

Reynolds America

British American Tobacco plc is a holding company, which engages in the manufacture and distribution of tobacco products. Its brands include Kent, Dunhill, Lucky Strike, and Pall Mall. It operates through the following geographical segments: United States, Asia-Pacific and Middle East (APME), Americas and Sub-Saharan Africa (AMSSA), and Europe and North Africa (ENA). The APME geographical segment consists of markets in the Middle East merged with Asia-Pacific. The AMSSA geographical segment is composed of markets in East and Central Africa, West Africa, and Southern Africa merged with the Americas region. The ENA geographical segment includes markets in Russia, Ukraine, Caucasus, Central Asia, Belarus, Turkey, and North Africa merged with the Western Europe region. The company was founded by James Buchanan Duke on September 29, 1902 and is headquartered in London, the United Kingdom.

Earnings data Q4 2023

British American Tobacco p.l.c. (NYSE:BTI ) 2023 Full Year Pre-Close Trading Update December 6, 2023 3:30 AM ET Company Participants Tadeu Marroco - CEO Javed Iqbal - Interim CFO Victoria Buxton - Head of IR Conference Call Participants Jacob de Klerk - Redburn Atlantic Owen Bennett - Jefferies Rey Wium - SBG Securities James Edward Jones - RBC Gaurav Jain - Barclays Jonathan Leinster - Société Générale Simon Hales - Citigroup Operator Hello, and welcome to the BAT 2023 Second Half Pre-Close Conference Call.

British American Tobacco p.l.c. (BTI) Full Year 2023 Trading Update Conference Call (Transcript)

British American Tobacco announced a substantial writedown of about GBP25B for some US brands, resulting in a steep selloff. BAT plans to change the accounting treatment of its acquired US combustibles brands from indefinite life to finite life. Despite near-term caution, BAT remains confident in the profitability growth of its next-gen products portfolio and expects low-single-digit revenue growth in 2024.

British American Tobacco: 'Washed-Out' Selloff Unveils A Golden Buying Opportunity

British American Tobacco is writing off $31 billion related to acquired U.S. cigarette brands, with additional charges coming in 2024 and beyond. Slumping demand, a tough economic environment, and the company's shift to non-combustible products drove the decision.

What British American Tobacco's $31 Billion Mea Culpa Means for Investors

Diageo

Innovative Industrial Properties

Vici Properties

"Sin stocks" are shares in companies involved in activities considered unethical, such as alcohol, tobacco, gambling, adult entertainment, or weapons. Certain investors tend to exclude sin stocks, but different cultures have different opinions on what constitutes a sin. Investors should always consider the core activities and financial performance of companies before making investment decisions.

4 'Sin Stocks' With Moral Implications

British American Tobacco was inexpensive, and it just got more inexpensive following Wednesday's big $31.5 billion write down. The write-down adds to fears (combined with big risks), and the dividend yield has now mathematically climbed to near 10%. In this report, we review the business, the details of the impairment, the company's valuation, dividend safety, and big risks, and then conclude with our strong opinion on investing.

British American Tobacco: Despite Big Risks, Big Yield Is Attractive

British American Tobacco announced a $31.5 billion write-down, causing its stock prices to plummet significantly. I will explain why the market has overreacted to the write-down, creating an unusual opportunity for investors. I do not expect any material impact on its profitability due to this write-off.

British American Tobacco's $31.5B Write-Down: Big Fear Creates Big Opportunity

Altria

Philip Morris

The Zacks Tobacco industry companies are gaining on pricing power and smoke-free product strength amid soft cigarette volumes and cost inflation. Philip Morris (PM), Altria Group (MO) and British American Tobacco (BTI) look well-placed.

3 Tobacco Stocks Hogging in the Limelight on Favorable Industry Trends

British American Tobacco stock is understandably attractive to passive income investors with its robust dividend yield.

Is British American Tobacco's 9.85% Dividend Yield Safe?

British American Tobacco's shares slumped by close to 10% after announcing a write-down of intangible assets on its balance sheet. The write-down does not impact the company's cash position, cash flows, or dividends. BTI's reduced-risk products portfolio is showing growth and profitability, offsetting declines in traditional cigarettes.

British American Tobacco: Be Greedy When Others Are Fearful

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of British American Tobacco p.l.c (NYSE: BTI) resulting from allegations that British American Tobacco may have issued materially misleading business information to the investing public. SO WHAT: If you purchased British American Tobacco securities you may be entitled to compensation without payment of any out of pocket fees or co.

BTI LOSS ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages British American Tobacco p.l.c Investors to Inquire About Securities Class Action Investigation – BTI

BAT is taking a $31 billion write-down on underperforming U.S. brands it primarily acquired from Reynolds American. The company also reaffirmed its mid-single-digit EPS guidance for the year.

Why British American Tobacco Stock Got Torched Today

The writedown marks the first time a major global tobacco firm has written off the value of its traditional cigarettes business in a major market like the US.

Cigarette maker BAT warns US brands have no long-term future, plans $31.5B writedown

American depositary receipts (ADRs) of British American Tobacco (BTI) tumbled over 8% in early trading Wednesday to an all-time low as the cigarette maker indicated it was losing American customers who were switching to lower-priced smokes, and plans to shift its focus to smokeless products.

Why British American Tobacco ADRs Hit an All-Time Low

The Camel and Newport parent company announced Wednesday it wrote down its U.S. tobacco brands by $31.5 billion, sending shares down 8%.

Smoked Out: Camel Parent British American Tobacco's Stock Sinks To 12-Year Low

British American Tobacco PLC (LSE:BATS) today took a hefty £25 billion write-down to the value of its cigarette brands as part of the big tobacco group's "vision to build a smokeless world'. The non-cash adjusting impairment charge, as the write-off called it, related to a lower assessment of the value of its acquired US cigarette and tobacco brands as their "useful economic lives" decline over an estimated period of 30 years.

British American Tobacco and the other biggest write-downs in corporate history

British American Tobacco (NYSE: BTI ) stock fell 9% overnight after the company took a $31.5 billion “impairment charge” on its American cigarette brands. British American is known for brands like Camel, Lucky Strike, Newport and Pall Mall.

BTI Stock Alert: The $31.5 Billion Reason British American Tobacco Is Down Today

British American Tobacco has taken a $31.5 billion impairment on its cigarette brands, but switching to healthier products isn't straightforward.

Big Tobacco Rethinks Its Smoking Addiction

London-listed British American Tobacco announced a $32 billion charge on the value of its brands. Shares of cigarette makers slipped.

Cigarette Makers Altria, Philip Morris Drop After Big BAT Write-down

British American Tobacco shares slumped 8% as the cigarette maker said it will write down the value of its cigarette brands by £25 billion ($31.5 billion).

Camel cigarette maker to take $31.5 billion write-down

British American Tobacco PLC (LSE:BATS) unveiled an ambition to become a predominantly “smokeless” business, with 50% of our revenue from non-combustibles by 2035.  The maker of Lucky Strike, Rothmans and Pall Mall cigarettes made the claim as it confirmed full-year 2023 EPS guidance.

BAT sees low-end revenue, £25 billion write-down of tobacco units

Apple

American Electric Power Company

This December the chances of a Santa Clause rally are looking thin, so it's worth stuffing your portfolio with long-term stocks that will deliver in the new year and beyond. Picking a buy-and-hold stock can be a big responsibility because it means you're willing to wait out some ups and downs along the way.

If You Can Only Buy One Long-Term Stock in December, It Better Be One of These 3 Names

Tobacco giants such as British American Tobacco, Altria, and Philip Morris attract income-seeking investors with high dividend yields, yet face a shrinking customer base. PM is in a better spot for growth, given its market share in the heated tobacco market, while BTI seems to lack significant growth drivers. Yet, British American Tobacco is trading at an exceptionally low valuation, with a PE ratio of 6.8x its earnings and a significant 7.77% dividend yield.

British American Tobacco Vs. Philip Morris - One A Buy, One A Sell

Ares Capital

Bank of America

Johnson & Johnson

Mastercard

Main Street Capital

Realty Income Corp

Royal Bank of Canada

Schwab US Dividend Equity ETF

AT&T

TCP Capital

In this article, I will demonstrate how you could build a diversified dividend portfolio that blends dividend income with dividend growth, aiming towards achieving an attractive Total Return. I will use The Dividend Income Accelerator Portfolio as an example, and will show that it already successfully balances dividend income with dividend growth, striving to maximize investor benefits. I will explain in greater detail how this portfolio reduces risk for investors, thereby enhancing the probability of reaching attractive investment returns.

How To Build A High-Potential Dividend Portfolio Combining Dividend Income With Dividend Growth

Automatic Data Processing

Albemarle

American Homes 4 Rent

Alexandria Real Estate Equities

Bristol-Myers

Caterpillar

Citizens Financial Group

Cigna

Cincinnati Financial

Cisco Systems

Chevron

Deere & Company

Dollar General

EOG Resources

Diamondback Energy

Genuine Parts

Hershey

JPMorgan Chase & Co

Lennar

MPLX

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields just over 3%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.

5 Relatively Secure And Cheap Dividend Stocks To Invest In - December 2023

Comparing British American Tobacco and Altria reveals no clear winner; the most suitable choice depends on the factors you prioritize. I consider Altria to be the slightly better choice for those seeking to combine dividend income and dividend growth, due to the company's higher Dividend Yield and Dividend Growth Rates. However, British American Tobacco has the moderately lower Valuation, and I consider it to be the superior choice when looking for an option to reduce portfolio volatility.

News for British American Tobacco Stock (BTI)