British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,365 shares of the company's stock after acquiring an additional 50,845 shares during the quarter. British American Tobacco makes up about 3.9% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 9th biggest position. Savoir Faire Capital Management L.P.'s holdings in British American Tobacco were worth $8,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in BTI. Pitcairn Co. grew its position in shares of British American Tobacco by 10.4% in the 4th quarter. Pitcairn Co. now owns 7,980 shares of the company's stock worth $290,000 after buying an additional 753 shares during the last quarter. World Investment Advisors raised its stake in British American Tobacco by 44.2% in the fourth quarter. World Investment Advisors now owns 7,930 shares of the company's stock valued at $288,000 after buying an additional 2,430 shares during the last quarter. Huntington National Bank boosted its holdings in British American Tobacco by 8.4% in the fourth quarter. Huntington National Bank now owns 4,791 shares of the company's stock worth $174,000 after acquiring an additional 373 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of British American Tobacco by 6.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 136,585 shares of the company's stock valued at $4,961,000 after acquiring an additional 7,785 shares in the last quarter. Finally, OLD Mission Capital LLC raised its position in shares of British American Tobacco by 1,004.1% in the 4th quarter. OLD Mission Capital LLC now owns 148,181 shares of the company's stock valued at $5,382,000 after purchasing an additional 134,760 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have issued reports 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 upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

British American Tobacco Stock Performance

Shares of BTI stock traded down $0.10 during trading hours on Wednesday, hitting $39.46. The company's stock had a trading volume of 3,093,495 shares, compared to its average volume of 4,632,621. The stock has a market cap of $81.73 billion, a PE ratio of 8.10 and a beta of 0.38. 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 50 day moving average of $40.28 and a 200 day moving average of $37.76. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65.

British American Tobacco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco's payout ratio is currently 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.