Blankinship & Foster LLC Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Blankinship & Foster LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,809 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently bought and sold shares of the business. West Family Investments Inc. boosted its stake in British American Tobacco by 33.2% during the fourth quarter. West Family Investments Inc. now owns 8,518 shares of the company’s stock worth $309,000 after buying an additional 2,124 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of British American Tobacco in the 4th quarter valued at $500,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of British American Tobacco by 64.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 39,870 shares of the company’s stock valued at $1,448,000 after purchasing an additional 15,595 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of British American Tobacco in the 4th quarter valued at $55,620,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after purchasing an additional 846 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Up 1.7 %

Shares of NYSE BTI opened at $40.86 on Friday. The firm’s 50-day simple moving average is $38.43 and its 200 day simple moving average is $37.28. The company has a market cap of $84.74 billion, a price-to-earnings ratio of 8.39 and a beta of 0.50. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. 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 Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is 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.