Addison Advisors LLC Acquires 477 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Addison Advisors LLC grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 34.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,853 shares of the company’s stock after acquiring an additional 477 shares during the quarter. Addison Advisors LLC’s holdings in British American Tobacco were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC increased its stake in British American Tobacco by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after acquiring an additional 206,117 shares during the last quarter. ABC Arbitrage SA bought a new stake in British American Tobacco in the 4th quarter worth approximately $31,480,000. Public Employees Retirement System of Ohio bought a new stake in British American Tobacco in the 3rd quarter worth approximately $28,183,000. Finally, Bridgewater Associates LP bought a new stake in British American Tobacco in the 3rd quarter worth approximately $27,118,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $38.61 on Wednesday. The stock has a market cap of $80.06 billion, a price-to-earnings ratio of 7.93 and a beta of 0.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a 50 day moving average price of $37.93 and a 200-day moving average price of $37.10. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74.

British American Tobacco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. This represents a $2.96 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Tuesday, December 30th. British American Tobacco’s payout ratio is currently 60.57%.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of research reports. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a 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.