Fisher Asset Management LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 34.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,609 shares of the company's stock after purchasing an additional 11,914 shares during the period. Fisher Asset Management LLC's holdings in British American Tobacco were worth $1,693,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in British American Tobacco during the 4th quarter valued at about $34,000. ORG Partners LLC grew its stake in 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 acquiring an additional 299 shares in the last quarter. Kieckhefer Group LLC bought a new position in British American Tobacco in the 4th quarter worth about $44,000. Continuum Advisory LLC grew its stake in British American Tobacco by 122.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company's stock worth $48,000 after acquiring an additional 748 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in British American Tobacco by 274.0% in the 4th quarter. Brooklyn Investment Group now owns 1,541 shares of the company's stock worth $56,000 after acquiring an additional 1,129 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.
British American Tobacco Stock Up 1.7 %
Shares of NYSE BTI traded up $0.70 during midday trading on Friday, reaching $40.86. 4,488,764 shares of the company's stock traded hands, compared to its average volume of 4,659,421. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The stock's 50 day simple moving average is $38.43 and its 200-day simple moving average is $37.28. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The company has a market cap of $84.74 billion, a price-to-earnings ratio of 8.39 and a beta of 0.50.
British American Tobacco Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders 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%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.
Check Out Our Latest Research Report on BTI
British American Tobacco Company Profile
(
Free Report)
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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