Jones Financial Companies Lllp Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Jones Financial Companies Lllp boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 50.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,382 shares of the company's stock after buying an additional 27,523 shares during the quarter. Jones Financial Companies Lllp's holdings in British American Tobacco were worth $2,992,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. SRS Capital Advisors Inc. lifted its position in shares of British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco during the fourth quarter worth about $27,000. Versant Capital Management Inc acquired a new stake in shares of British American Tobacco during the fourth quarter worth about $34,000. ORG Partners LLC lifted its position 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 purchasing an additional 299 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of British American Tobacco during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 1.7 %

NYSE:BTI traded up $0.70 during mid-day trading on Friday, hitting $40.86. The stock had a trading volume of 4,488,764 shares, compared to its average volume of 4,659,421. The stock has a 50-day simple moving average of $38.43 and a two-hundred day simple moving average of $37.28. The company has a market capitalization of $84.74 billion, a PE ratio of 8.39 and a beta of 0.50. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve 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.

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British American Tobacco Dividend Announcement

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

Analysts Set New Price Targets

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

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.