Rhumbline Advisers Acquires 400 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Rhumbline Advisers raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,458 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Rhumbline Advisers’ holdings in British American Tobacco were worth $198,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ABC Arbitrage SA bought a new position in shares of British American Tobacco in the fourth quarter valued at $31,480,000. Valeo Financial Advisors LLC grew its stake in shares of British American Tobacco by 6.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 21,901 shares of the company’s stock valued at $795,000 after buying an additional 1,280 shares in the last quarter. Asset Planning Inc bought a new position in shares of British American Tobacco in the fourth quarter valued at $129,000. Allspring Global Investments Holdings LLC grew its stake in shares of British American Tobacco by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 21,073 shares of the company’s stock valued at $770,000 after buying an additional 1,409 shares in the last quarter. Finally, Edmp Inc. bought a new position in shares of British American Tobacco in the fourth quarter valued at $219,000. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

British American Tobacco Price Performance

British American Tobacco stock opened at $40.59 on Tuesday. The stock’s 50 day moving average is $38.52 and its 200 day moving average is $37.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market cap of $84.16 billion, a P/E ratio of 8.33 and a beta of 0.50. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74.

British American Tobacco Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders 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 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.