Townsquare Capital LLC Has $1.17 Million Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Townsquare Capital LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,314 shares of the company's stock after acquiring an additional 12,334 shares during the period. Townsquare Capital LLC's holdings in British American Tobacco were worth $1,174,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on BTI shares. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th.

British American Tobacco Price Performance

NYSE BTI traded down $0.56 during trading hours on Wednesday, reaching $42.24. 2,194,248 shares of the company's stock were exchanged, compared to its average volume of 4,682,921. The firm has a fifty day moving average of $40.43 and a 200-day moving average of $38.12. British American Tobacco p.l.c. has a one year low of $29.08 and a one year high of $43.12. The stock has a market cap of $87.42 billion, a PE ratio of 8.67 and a beta of 0.38. 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 Announces Dividend

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

British American Tobacco Company 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.