First National Trust Co Increases Holdings in British American Tobacco p.l.c. (NYSE:BTI)

First National Trust Co boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 42.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,283 shares of the company's stock after acquiring an additional 14,294 shares during the period. First National Trust Co's holdings in British American Tobacco were worth $1,754,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BTI. Oppenheimer Asset Management Inc. grew its holdings in shares of British American Tobacco by 35.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock worth $7,599,000 after purchasing an additional 54,555 shares during the period. SG Americas Securities LLC boosted its stake in British American Tobacco by 45.3% during the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock worth $1,681,000 after buying an additional 14,432 shares during the period. QRG Capital Management Inc. raised its stake in shares of British American Tobacco by 9.8% in the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock valued at $7,121,000 after acquiring an additional 17,478 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock worth $4,824,000 after acquiring an additional 26,863 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock worth $2,419,000 after purchasing an additional 31,250 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

BTI has been the subject of several research analyst reports. UBS Group upgraded 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 research report on Monday, February 17th.

British American Tobacco Stock Down 1.4 %

Shares of British American Tobacco stock traded down $0.59 during trading hours on Tuesday, reaching $41.25. 6,823,774 shares of the company were exchanged, compared to its average volume of 4,541,748. The firm has a market cap of $85.44 billion, a PE ratio of 8.47 and a beta of 0.50. 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 p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The stock's fifty day moving average is $39.09 and its 200 day moving average is $37.50.

British American Tobacco Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders 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 (DPR) is presently 60.57%.

About British American Tobacco

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.