D.A. Davidson & CO. Acquires 2,257 Shares of British American Tobacco p.l.c. (NYSE:BTI)

D.A. Davidson & CO. boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,728 shares of the company’s stock after acquiring an additional 2,257 shares during the quarter. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in British American Tobacco in the fourth quarter valued at about $34,000. ORG Partners LLC boosted its position in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares in the last quarter. Kieckhefer Group LLC acquired a new position in British American Tobacco in the fourth quarter valued at about $44,000. Creative Financial Designs Inc. ADV boosted its position in 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 buying an additional 753 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in 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 buying an additional 748 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

British American Tobacco Price Performance

Shares of BTI stock opened at $37.80 on Friday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The firm’s 50 day moving average is $37.90 and its 200-day moving average is $37.05. The firm has a market capitalization of $78.38 billion, a price-to-earnings ratio of 7.76 and a beta of 0.53. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65.

British American Tobacco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.7391 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.82%. British American Tobacco’s payout ratio is 59.14%.

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.