Cove Street Capital LLC Purchases Shares of 28,921 British American Tobacco p.l.c. (NYSE:BTI)

Cove Street Capital LLC acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 28,921 shares of the company’s stock, valued at approximately $1,050,000.

Several other institutional investors have also recently added to or reduced their stakes in BTI. Thrivent Financial for Lutherans increased its position in shares of British American Tobacco by 46.4% during the third quarter. Thrivent Financial for Lutherans now owns 24,262 shares of the company’s stock worth $887,000 after acquiring an additional 7,686 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in British American Tobacco by 25.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after acquiring an additional 26,863 shares in the last quarter. Citigroup Inc. lifted its stake in British American Tobacco by 35.0% in the third quarter. Citigroup Inc. now owns 166,353 shares of the company’s stock worth $6,085,000 after acquiring an additional 43,098 shares during the last quarter. Cerity Partners LLC grew its holdings in British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after acquiring an additional 31,250 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of British American Tobacco by 124.6% in the 3rd quarter. Fisher Asset Management LLC now owns 34,695 shares of the company’s stock valued at $1,269,000 after purchasing an additional 19,249 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Down 1.6 %

Shares of NYSE:BTI opened at $40.53 on Friday. The firm has a 50 day simple moving average of $39.86 and a 200-day simple moving average of $37.65. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $83.94 billion, a PE ratio of 8.32 and a beta of 0.50.

British American Tobacco Dividend Announcement

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 $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note 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 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.