NewEdge Wealth LLC Acquires 14,823 Shares of British American Tobacco p.l.c. (NYSE:BTI)

NewEdge Wealth LLC lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 56.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,210 shares of the company’s stock after purchasing an additional 14,823 shares during the quarter. NewEdge Wealth LLC’s holdings in British American Tobacco were worth $1,497,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of British American Tobacco in the fourth quarter worth about $34,000. ORG Partners LLC lifted its holdings in British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares in the last quarter. Kieckhefer Group LLC bought a new position in British American Tobacco in the 4th quarter valued at $44,000. Creative Financial Designs Inc. ADV increased its stake in shares of British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after buying an additional 753 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after acquiring an additional 748 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $38.93 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 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 market capitalization of $80.74 billion, a price-to-earnings ratio of 7.99 and a beta of 0.53. The firm has a fifty day moving average of $38.06 and a two-hundred day moving average of $37.15.

British American Tobacco Announces Dividend

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

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.