Concurrent Investment Advisors LLC Acquires 20,084 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Concurrent Investment Advisors LLC raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 72.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,704 shares of the company’s stock after buying an additional 20,084 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in British American Tobacco were worth $1,733,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC grew its position in shares of British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of British American Tobacco during the fourth quarter valued at approximately $31,480,000. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $28,183,000. Finally, Bridgewater Associates LP bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $27,118,000. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $37.80 on Friday. The stock has a fifty day simple moving average of $37.90 and a two-hundred day simple moving average of $37.04. 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 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be paid a dividend of $0.7391 per share. This represents a $2.96 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date of this dividend 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.