HighTower Advisors LLC Grows Position in British American Tobacco p.l.c. (NYSE:BTI)

HighTower Advisors LLC increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.5% during the 4th quarter, HoldingsChannel reports. The fund owned 189,961 shares of the company’s stock after acquiring an additional 9,858 shares during the quarter. HighTower Advisors LLC’s holdings in British American Tobacco were worth $6,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its position in shares of British American Tobacco by 294.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after acquiring an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of British American Tobacco during the 4th quarter valued at about $27,000. Versant Capital Management Inc acquired a new position in shares of British American Tobacco during the 4th quarter valued at about $34,000. Cullen Frost Bankers Inc. boosted its position in shares of British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after acquiring an additional 846 shares during the last quarter. Finally, ORG Partners LLC boosted its position in shares of British American Tobacco by 35.1% during the 4th 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. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Down 1.4 %

NYSE BTI opened at $41.25 on Wednesday. The firm’s 50-day moving average is $39.09 and its two-hundred day moving average is $37.50. 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 debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $85.44 billion, a P/E ratio of 8.47 and a beta of 0.50.

British American Tobacco Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be paid 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 presently 60.57%.

Wall Street Analysts Forecast Growth

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

About British American Tobacco

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.