First Eagle Investment Management LLC Buys 111,033 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First Eagle Investment Management LLC boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 967,976 shares of the company's stock after acquiring an additional 111,033 shares during the period. First Eagle Investment Management LLC's holdings in British American Tobacco were worth $35,157,000 at the end of the most recent quarter.

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

British American Tobacco Trading Down 1.4 %

Shares of BTI stock traded down $0.59 during trading hours on Tuesday, reaching $41.25. 6,823,774 shares of the stock were exchanged, compared to its average volume of 4,559,525. 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 current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company's 50-day moving average price is $39.00 and its 200-day moving average price is $37.48. The firm has a market capitalization of $85.54 billion, a price-to-earnings ratio of 8.47 and a beta of 0.50.

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British American Tobacco Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 12th. Investors 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 dividend payout ratio is presently 60.57%.

Analyst Ratings Changes

BTI has been the subject of a number of recent research reports. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th.

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.