Huntington National Bank Grows Position in British American Tobacco p.l.c. (NYSE:BTI)

Huntington National Bank boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,791 shares of the company’s stock after acquiring an additional 373 shares during the period. Huntington National Bank’s holdings in British American Tobacco were worth $174,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in shares of British American Tobacco by 1.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company’s stock worth $17,922,000 after purchasing an additional 7,875 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of British American Tobacco by 24.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock worth $221,343,000 after acquiring an additional 1,196,020 shares in the last quarter. Cove Street Capital LLC bought a new position in shares of British American Tobacco during the 4th quarter valued at approximately $1,050,000. SG Americas Securities LLC grew its holdings in shares of British American Tobacco by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after purchasing an additional 14,432 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in British American Tobacco by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock worth $7,121,000 after purchasing an additional 17,478 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Down 4.6 %

NYSE BTI opened at $39.99 on Friday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The firm has a market capitalization of $82.84 billion, a price-to-earnings ratio of 8.21 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $40.27 and a two-hundred day moving average of $37.72.

British American Tobacco Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

British American Tobacco 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.