Access Investment Management LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI – Free Report) by 34.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,620 shares of the company’s stock after buying an additional 4,000 shares during the period. Access Investment Management LLC’s holdings in British American Tobacco were worth $567,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in BTI. Oppenheimer Asset Management Inc. raised its position in shares of British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after purchasing an additional 54,555 shares during the period. SG Americas Securities LLC increased its stake in British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after purchasing an additional 14,432 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of British American Tobacco by 25.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after buying an additional 26,863 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of British American Tobacco by 89.6% during the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after buying an additional 31,250 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after acquiring an additional 554,491 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on BTI shares. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th.
British American Tobacco Trading Down 2.0 %
NYSE:BTI opened at $37.80 on Friday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The firm has a 50-day moving average price of $37.90 and a two-hundred day moving average price of $37.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market cap of $78.38 billion, a price-to-earnings ratio of 7.76 and a beta of 0.53.
British American Tobacco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a yield of 7.82%. British American Tobacco’s dividend payout ratio (DPR) is currently 59.14%.
About British American Tobacco
British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.
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