Connor Clark & Lunn Investment Management Ltd. Increases Position in British American Tobacco p.l.c. (NYSE:BTI)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 727,115 shares of the company's stock after purchasing an additional 155,038 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in British American Tobacco were worth $26,409,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BTI. SRS Capital Advisors Inc. raised its stake in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after purchasing an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco in the fourth quarter worth $27,000. Versant Capital Management Inc acquired a new stake in shares of British American Tobacco in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. increased its position in shares of British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after acquiring an additional 846 shares in the last quarter. Finally, ORG Partners LLC increased its position 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 worth $42,000 after acquiring an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analysts Set New Price Targets

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

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British American Tobacco Price Performance

BTI opened at $41.37 on Thursday. The company has a fifty day simple moving average of $38.72 and a 200 day simple moving average of $37.38. The firm has a market cap of $85.78 billion, a price-to-earnings ratio of 8.49 and a beta of 0.50. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. 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 company also recently declared a dividend, which will be paid on Monday, May 12th. Investors 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 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.

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