Orion Portfolio Solutions LLC Has $2.42 Million Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Orion Portfolio Solutions LLC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,514 shares of the company’s stock after acquiring an additional 3,522 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in British American Tobacco were worth $2,416,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. SRS Capital Advisors Inc. raised its position in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after acquiring an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco in the 4th quarter valued at $27,000. Versant Capital Management Inc bought a new stake in British American Tobacco in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. increased its position in British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after buying an additional 846 shares during the last quarter. Finally, ORG Partners LLC lifted its position 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 buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Performance

NYSE BTI opened at $41.12 on Wednesday. The stock has a market cap of $85.16 billion, a P/E ratio of 8.44 and a beta of 0.50. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company’s 50-day simple moving average is $40.05 and its 200 day simple moving average is $37.67.

British American Tobacco Announces Dividend

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