Steward Partners Investment Advisory LLC Boosts Position in British American Tobacco p.l.c. (NYSE:BTI)

Steward Partners Investment Advisory LLC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 40.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,755 shares of the company’s stock after acquiring an additional 2,231 shares during the period. Steward Partners Investment Advisory LLC’s holdings in British American Tobacco were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its holdings in British American Tobacco by 294.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after acquiring an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in British American Tobacco during the 4th quarter worth about $27,000. Versant Capital Management Inc bought a new position in British American Tobacco during the 4th quarter worth about $34,000. ORG Partners LLC grew its holdings in British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after acquiring an additional 299 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new position in British American Tobacco during the 4th quarter worth about $44,000. 16.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on BTI. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Stock Up 0.0 %

NYSE:BTI opened at $41.40 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74. The stock has a market capitalization of $85.85 billion, a P/E ratio of 8.50 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. The company’s 50-day simple moving average is $38.90 and its 200-day simple moving average is $37.44.

British American Tobacco Announces Dividend

The company also recently declared 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 of this dividend is Friday, March 28th. British American Tobacco’s dividend 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.