British American Tobacco p.l.c. (NYSE:BTI) Stock Holdings Increased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 9.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 196,073 shares of the company’s stock after acquiring an additional 17,478 shares during the quarter. QRG Capital Management Inc.’s holdings in British American Tobacco were worth $7,121,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BTI. Versant Capital Management Inc acquired a new position in British American Tobacco in the fourth quarter worth approximately $34,000. ORG Partners LLC grew its holdings 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 purchasing an additional 299 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $44,000. Creative Financial Designs Inc. ADV boosted its position in shares of British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after acquiring an additional 753 shares during the period. Finally, Continuum Advisory LLC boosted its position in shares of British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after acquiring an additional 748 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Up 0.6 %

Shares of BTI stock opened at $38.93 on Friday. The stock has a market cap of $80.74 billion, a P/E ratio of 7.99 and a beta of 0.53. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The stock has a fifty day moving average price of $38.06 and a 200 day moving average price of $37.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Dividend Announcement

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 is Friday, March 28th. British American Tobacco’s payout ratio is presently 60.57%.

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.