325,440 Shares in British American Tobacco p.l.c. (NYSE:BTI) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 325,440 shares of the company's stock, valued at approximately $11,820,000.

Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in British American Tobacco by 35.6% during the third 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 holdings in British American Tobacco by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock valued at $1,681,000 after acquiring an additional 14,432 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock valued at $4,824,000 after acquiring an additional 26,863 shares during the period. Cerity Partners LLC increased its stake in British American Tobacco by 89.6% during the third quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock worth $2,419,000 after acquiring an additional 31,250 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings 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 worth $7,121,000 after purchasing an additional 17,478 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

British American Tobacco Stock Up 0.2 %

Shares of NYSE:BTI traded up $0.08 during mid-day trading on Wednesday, hitting $39.69. 3,204,830 shares of the company traded hands, compared to its average volume of 4,660,464. The firm's 50 day simple moving average is $38.20 and its 200 day simple moving average is $37.21. The firm has a market cap of $82.31 billion, a P/E ratio of 8.15 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 52-week low of $28.25 and a 52-week high of $42.74.

British American Tobacco Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco's payout ratio is currently 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.