Concurrent Investment Advisors LLC Boosts Stake in British American Tobacco p.l.c. (NYSE:BTI)

Concurrent Investment Advisors LLC lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 72.7% in the 4th quarter, Holdings Channel reports. The firm owned 47,704 shares of the company’s stock after acquiring an additional 20,084 shares during the period. Concurrent Investment Advisors LLC’s holdings in British American Tobacco were worth $1,733,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of British American Tobacco in the fourth quarter worth $34,000. ORG Partners LLC raised its stake in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new position in shares of British American Tobacco in the fourth quarter worth $44,000. Creative Financial Designs Inc. ADV raised its stake 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 worth $45,000 after purchasing an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in British American Tobacco by 122.8% during 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 last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Trading Down 2.0 %

NYSE:BTI opened at $37.80 on Friday. The stock has a 50-day simple moving average of $37.90 and a two-hundred day simple moving average of $37.04. 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 current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. This represents a $2.96 annualized dividend and a yield of 7.82%. The ex-dividend date of this dividend is Tuesday, December 30th.

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.