Scotia Capital Inc. Purchases 7,807 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Scotia Capital Inc. increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 25.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 38,653 shares of the company’s stock after purchasing an additional 7,807 shares during the period. Scotia Capital Inc.’s holdings in British American Tobacco were worth $1,405,000 as of its most recent filing with the SEC.

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

British American Tobacco Stock Performance

BTI opened at $41.54 on Monday. The firm has a market cap of $85.97 billion, a P/E ratio of 8.53 and a beta of 0.38. The business’s fifty day moving average is $40.34 and its 200-day moving average is $37.83. 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.

British American Tobacco Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given 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%.

Analysts Set New Price Targets

BTI has been the topic of a number of research reports. UBS Group raised 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 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.