Cove Street Capital LLC Acquires New Position in British American Tobacco p.l.c. (NYSE:BTI)

Cove Street Capital LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 28,921 shares of the company's stock, valued at approximately $1,050,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTI. SRS Capital Advisors Inc. raised its position in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after purchasing an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco in the fourth quarter valued at $27,000. Versant Capital Management Inc purchased a new stake in shares of British American Tobacco in the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. boosted its stake in shares of British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after buying an additional 846 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after buying an additional 299 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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British American Tobacco Stock Performance

NYSE:BTI traded up $1.64 during mid-day trading on Thursday, reaching $41.89. The stock had a trading volume of 5,296,835 shares, compared to its average volume of 4,580,801. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The business has a 50 day simple moving average of $40.13 and a 200 day simple moving average of $37.69. The firm has a market capitalization of $86.77 billion, a price-to-earnings ratio of 8.60 and a beta of 0.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76.

British American Tobacco Announces Dividend

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

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.