Schechter Investment Advisors LLC Acquires 602 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Schechter Investment Advisors LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 7.6% in the 4th quarter, Holdings Channel reports. The fund owned 8,531 shares of the company’s stock after purchasing an additional 602 shares during the quarter. Schechter Investment Advisors LLC’s holdings in British American Tobacco were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BTI. SRS Capital Advisors Inc. boosted its holdings in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of British American Tobacco in the fourth quarter valued at about $27,000. Versant Capital Management Inc acquired a new stake in British American Tobacco during the fourth quarter worth about $34,000. ORG Partners LLC increased its stake 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 period. Finally, Kieckhefer Group LLC acquired a new position in British American Tobacco in the 4th quarter valued at approximately $44,000. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

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

British American Tobacco Trading Up 0.2 %

BTI stock opened at $39.69 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a market cap of $82.31 billion, a P/E ratio of 8.15 and a beta of 0.50. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The business’s 50 day moving average is $38.27 and its 200-day moving average is $37.22.

British American Tobacco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s payout ratio is presently 60.57%.

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.