British American Tobacco p.l.c. (NYSE:BTI) Stock Position Raised by NewEdge Wealth LLC

NewEdge Wealth LLC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 56.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,210 shares of the company's stock after purchasing an additional 14,823 shares during the period. NewEdge Wealth LLC's holdings in British American Tobacco were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Key Client Fiduciary Advisors LLC grew its stake in British American Tobacco by 2.0% in 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 in the last quarter. ORG Partners LLC lifted its holdings in shares of British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after purchasing an additional 299 shares during the last quarter. First City Capital Management Inc. raised its stake 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 acquiring an additional 300 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in British American Tobacco by 17.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,570 shares of the company's stock worth $93,000 after acquiring an additional 388 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of British American Tobacco by 7.9% during the 4th quarter. Rhumbline Advisers now owns 5,458 shares of the company's stock valued at $198,000 after buying an additional 400 shares during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BTI. StockNews.com upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th.

British American Tobacco Stock Up 0.2 %

Shares of BTI stock traded up $0.08 on Wednesday, reaching $39.69. 3,204,830 shares of the stock were exchanged, compared to its average volume of 4,660,467. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. 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 market capitalization of $82.31 billion, a price-to-earnings ratio of 8.15 and a beta of 0.50. The business's 50 day moving average price is $38.27 and its 200 day moving average price is $37.22.

British American Tobacco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders 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 payout ratio is 60.57%.

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.