Venturi Wealth Management LLC Buys 618 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Venturi Wealth Management LLC boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,423 shares of the company’s stock after purchasing an additional 618 shares during the period. Venturi Wealth Management LLC’s holdings in British American Tobacco were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Key Client Fiduciary Advisors LLC increased its position in British American Tobacco by 2.0% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock valued at $547,000 after buying an additional 295 shares in the last quarter. ORG Partners LLC increased its position in 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 buying an additional 299 shares in the last quarter. First City Capital Management Inc. increased its position in British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock valued at $398,000 after buying an additional 300 shares in the last quarter. Greenleaf Trust increased its position in British American Tobacco by 1.8% during the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock valued at $776,000 after buying an additional 376 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in British American Tobacco by 17.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,570 shares of the company’s stock valued at $93,000 after purchasing an additional 388 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

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

British American Tobacco Price Performance

Shares of BTI opened at $38.41 on Thursday. 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 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $37.87 and its two-hundred day simple moving average is $37.01.

British American Tobacco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be paid a $0.7391 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.70%.

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.