British American Tobacco p.l.c. (NYSE:BTI) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,024 shares of the company’s stock after buying an additional 1,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in British American Tobacco were worth $291,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BTI. Versant Capital Management Inc purchased a new stake in British American Tobacco during the 4th quarter valued at about $34,000. ORG Partners LLC lifted its holdings in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the period. Kieckhefer Group LLC acquired a new position in British American Tobacco in the 4th quarter worth approximately $44,000. Creative Financial Designs Inc. ADV raised its position in British American Tobacco by 153.7% during the 3rd 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 during the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of 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 last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday.

British American Tobacco Price Performance

Shares of BTI opened at $38.80 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The stock’s 50 day moving average is $37.83 and its two-hundred day moving average is $36.96. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be issued a $0.7391 dividend. This represents a $2.96 annualized dividend and a yield of 7.62%. The ex-dividend date is Tuesday, December 30th.

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.