5 Extreme Dividend Stocks With Upside Potential

2. British American Tobacco PLC (NYSE:BTI)

Number of Hedge Fund Investors: 17

According to Wall Street analyst price targets data compiled by Yahoo Finance, the average price target set by analysts for British American Tobacco PLC (NYSE:BTI) is $41, while the stock was trading at around $29 as of December 16.

The stock has a dividend yield of about 10% and a PE ratio of 5.91.

As of the end of the third quarter of 2023, 17 hedge funds had stakes in British American Tobacco PLC (NYSE:BTI). The biggest hedge fund stakeholder of British American Tobacco PLC (NYSE:BTI) was William B. Gray’s Orbis Investment Management which owns a $211 million stake in British American Tobacco PLC (NYSE:BTI).