Cullen Frost Bankers Inc. Has $40,000 Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Cullen Frost Bankers Inc. lifted its position in British American Tobacco p.l.c. (NYSE:BTI) by 334.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,099 shares of the company’s stock after buying an additional 846 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in British American Tobacco were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in shares of British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC boosted its holdings in British American Tobacco by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares during the period. ABC Arbitrage SA bought a new stake in British American Tobacco in the 4th quarter valued at $31,480,000. Public Employees Retirement System of Ohio bought a new stake in British American Tobacco in the 3rd quarter valued at $28,183,000. Finally, Bridgewater Associates LP bought a new stake in British American Tobacco in the 3rd quarter valued at $27,118,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

British American Tobacco Trading Up 1.7 %

Shares of BTI stock opened at $40.86 on Monday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The stock has a market cap of $84.74 billion, a price-to-earnings ratio of 8.39 and a beta of 0.50. 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 fifty day moving average of $38.43 and a 200-day moving average of $37.29.

British American Tobacco Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be paid a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio is 60.57%.

British American Tobacco Company Profile

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.