866,729 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by ABC Arbitrage SA

ABC Arbitrage SA acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 866,729 shares of the company's stock, valued at approximately $31,480,000. British American Tobacco accounts for 4.5% of ABC Arbitrage SA's holdings, making the stock its 3rd largest holding.

Several other institutional investors also recently modified their holdings of the stock. Key Client Fiduciary Advisors LLC increased its stake in British American Tobacco by 2.0% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock worth $547,000 after purchasing an additional 295 shares in the last quarter. ORG Partners LLC grew its stake in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after buying an additional 299 shares in the last quarter. First City Capital Management Inc. grew its position in shares of British American Tobacco by 2.8% in the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock valued at $398,000 after acquiring an additional 300 shares during the period. Greenleaf Trust raised its stake in British American Tobacco by 1.8% in the third quarter. Greenleaf Trust now owns 21,211 shares of the company's stock valued at $776,000 after buying an additional 376 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of British American Tobacco by 17.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,570 shares of the company's stock valued at $93,000 after purchasing an additional 388 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of BTI stock traded up $0.27 on Wednesday, hitting $38.41. 4,141,208 shares of the company's stock were exchanged, compared to its average volume of 4,798,563. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The company has a 50 day moving average of $37.86 and a 200 day moving average of $37.00.

British American Tobacco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be paid a dividend of $0.7391 per share. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.70%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th.

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.