Magnolia Group LLC Invests $3.71 Million in British American Tobacco p.l.c. (NYSE:BTI)

Magnolia Group LLC purchased a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 102,000 shares of the company's stock, valued at approximately $3,705,000. British American Tobacco comprises 0.6% of Magnolia Group LLC's holdings, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC boosted its stake in British American Tobacco by 3.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock worth $323,000 after buying an additional 258 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its stake in shares of British American Tobacco by 2.0% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock worth $547,000 after purchasing an additional 295 shares during the period. ORG Partners LLC lifted its stake in 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 during the last quarter. First City Capital Management Inc. increased its holdings in British American Tobacco by 2.8% in the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock worth $398,000 after purchasing an additional 300 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in British American Tobacco by 0.4% in the fourth quarter. Moors & Cabot Inc. now owns 81,858 shares of the company's stock valued at $2,973,000 after acquiring an additional 321 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

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British American Tobacco Trading Up 1.1 %

Shares of BTI stock traded up $0.47 during mid-day trading on Monday, reaching $41.83. The company's stock had a trading volume of 3,746,356 shares, compared to its average volume of 4,535,609. The company's 50 day simple moving average is $38.90 and its 200-day simple moving average is $37.44. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74. The firm has a market capitalization of $86.75 billion, a PE ratio of 8.59 and a beta of 0.50.

British American Tobacco Announces Dividend

The company also recently announced 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 dividend payout ratio (DPR) is 60.57%.

Analysts Set New Price Targets

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

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.