HighTower Advisors LLC Has $6.90 Million Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

HighTower Advisors LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 189,961 shares of the company's stock after purchasing an additional 9,858 shares during the quarter. HighTower Advisors LLC's holdings in British American Tobacco were worth $6,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sound View Wealth Advisors Group LLC lifted its stake in British American Tobacco by 3.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock worth $323,000 after acquiring an additional 258 shares in the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock worth $547,000 after acquiring an additional 295 shares in the last quarter. ORG Partners LLC lifted its stake in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after acquiring an additional 299 shares in the last quarter. First City Capital Management Inc. lifted its stake in 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 worth $398,000 after acquiring an additional 300 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in shares of British American Tobacco by 0.4% during the 4th quarter. Moors & Cabot Inc. now owns 81,858 shares of the company's stock worth $2,973,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

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British American Tobacco Stock Down 0.6 %

Shares of NYSE BTI traded down $0.25 during mid-day trading on Friday, reaching $40.83. 3,245,158 shares of the company traded hands, compared to its average volume of 4,496,198. 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 stock has a market cap of $84.56 billion, a PE ratio of 8.38 and a beta of 0.50. The company's fifty day moving average is $39.36 and its two-hundred day moving average is $37.58. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74.

British American Tobacco Announces Dividend

The business also recently disclosed 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 is 60.57%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

British American Tobacco 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.