First Eagle Investment Management LLC Has $35.16 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

First Eagle Investment Management LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 967,976 shares of the company's stock after buying an additional 111,033 shares during the quarter. First Eagle Investment Management LLC's holdings in British American Tobacco were worth $35,157,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in BTI. Prime Capital Investment Advisors LLC raised its stake in shares of British American Tobacco by 7.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,222 shares of the company's stock valued at $301,000 after buying an additional 538 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock valued at $7,599,000 after buying an additional 54,555 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of British American Tobacco by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company's stock valued at $105,111,000 after buying an additional 206,117 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in shares of British American Tobacco in the 3rd quarter valued at $499,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of British American Tobacco by 46.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,262 shares of the company's stock valued at $887,000 after buying an additional 7,686 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 Price Performance

Shares of British American Tobacco stock traded up $0.47 during mid-day trading on Monday, reaching $41.83. 3,746,356 shares of the stock were exchanged, compared to its average volume of 4,550,468. The company has a market cap of $86.75 billion, a price-to-earnings ratio of 8.59 and a beta of 0.50. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $39.00 and a 200 day simple moving average of $37.48. 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. Shareholders of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's payout ratio is presently 60.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BTI shares. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report 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.