Todd Asset Management LLC Has $21.23 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

Todd Asset Management LLC raised its stake in British American Tobacco p.l.c. (NYSE:BTI) by 6.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 584,642 shares of the company’s stock after acquiring an additional 36,280 shares during the period. Todd Asset Management LLC’s holdings in British American Tobacco were worth $21,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BTI. Versant Capital Management Inc bought a new stake in shares of British American Tobacco in the 4th quarter valued at $34,000. ORG Partners LLC boosted its position in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after acquiring an additional 299 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of British American Tobacco in the 4th quarter worth about $44,000. Creative Financial Designs Inc. ADV lifted its stake in shares of British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares during the period. Finally, Continuum Advisory LLC grew 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. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Trading Up 0.6 %

Shares of British American Tobacco stock opened at $38.07 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The stock has a 50 day moving average price of $37.90 and a two-hundred day moving average price of $37.08. The stock has a market capitalization of $78.94 billion, a PE ratio of 7.82 and a beta of 0.53.

British American Tobacco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 annualized dividend and a yield of 7.77%. British American Tobacco’s payout ratio is 60.57%.

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.