Tower Research Capital LLC TRC Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Tower Research Capital LLC TRC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 162.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,009 shares of the company's stock after purchasing an additional 58,750 shares during the quarter. Tower Research Capital LLC TRC's holdings in British American Tobacco were worth $3,451,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BTI. McIlrath & Eck LLC grew its stake in British American Tobacco by 614.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,173 shares of the company's stock valued at $79,000 after acquiring an additional 1,869 shares during the period. Bard Financial Services Inc. grew its position in shares of British American Tobacco by 49.5% in the third quarter. Bard Financial Services Inc. now owns 94,209 shares of the company's stock valued at $3,446,000 after purchasing an additional 31,174 shares during the period. Virtu Financial LLC purchased a new stake in shares of British American Tobacco during the third quarter worth about $3,742,000. Sculati Wealth Management LLC lifted its stake in British American Tobacco by 52.1% in the 3rd quarter. Sculati Wealth Management LLC now owns 19,490 shares of the company's stock valued at $713,000 after buying an additional 6,680 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. purchased a new stake in British American Tobacco during the 3rd quarter worth approximately $219,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BTI shares. UBS Group raised 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 report on Monday, February 17th.

British American Tobacco Stock Down 0.9 %

BTI stock traded down $0.40 during mid-day trading on Friday, reaching $42.05. The company had a trading volume of 3,384,101 shares, compared to its average volume of 4,651,170. British American Tobacco p.l.c. has a fifty-two week low of $29.36 and a fifty-two week high of $43.12. The company has a market capitalization of $87.03 billion, a price-to-earnings ratio of 8.63 and a beta of 0.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a fifty day simple moving average of $40.66 and a 200 day simple moving average of $38.27.

British American Tobacco Dividend Announcement

The company also recently disclosed 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 is presently 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.