Allspring Global Investments Holdings LLC Boosts Stake in British American Tobacco p.l.c. (NYSE:BTI)

Allspring Global Investments Holdings LLC lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,073 shares of the company’s stock after buying an additional 1,409 shares during the period. Allspring Global Investments Holdings LLC’s holdings in British American Tobacco were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BTI. Versant Capital Management Inc purchased a new position in shares of British American Tobacco in the fourth quarter worth about $34,000. ORG Partners LLC lifted its stake in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of British American Tobacco in the fourth quarter worth about $44,000. Creative Financial Designs Inc. ADV lifted its stake in shares of British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after buying an additional 753 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of analyst reports. 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 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 Price Performance

Shares of BTI stock opened at $37.80 on Monday. 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’s 50-day moving average is $37.90 and its two-hundred day moving average is $37.06. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company has a market capitalization of $78.38 billion, a PE ratio of 7.76 and a beta of 0.53.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be paid a $0.7391 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date is Tuesday, December 30th. British American Tobacco’s dividend payout ratio (DPR) is 59.14%.

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.