28,520 Shares in British American Tobacco p.l.c. (NYSE:BTI) Purchased by Ceera Investments LLC

Ceera Investments LLC purchased a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,520 shares of the company's stock, valued at approximately $1,036,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased 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 increased its stake in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company's stock worth $105,111,000 after buying an additional 206,117 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of British American Tobacco in the fourth quarter worth $55,620,000. ABC Arbitrage SA bought a new stake in shares of British American Tobacco in the fourth quarter worth $31,480,000. Finally, Public Employees Retirement System of Ohio bought a new stake in British American Tobacco during the third quarter valued at $28,183,000. Institutional investors own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BTI. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th.

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British American Tobacco Stock Performance

Shares of BTI traded down $0.32 during midday trading on Monday, hitting $40.59. 5,348,748 shares of the stock traded hands, compared to its average volume of 4,674,748. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The firm has a market capitalization of $84.16 billion, a PE ratio of 8.33 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 business's 50 day moving average price is $38.52 and its two-hundred day moving average price is $37.32.

British American Tobacco Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is 60.57%.

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.