Certior Financial Group LLC Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Certior Financial Group LLC bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,418 shares of the company’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SRS Capital Advisors Inc. grew its stake in British American Tobacco by 294.9% during the 4th 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 purchased a new stake in British American Tobacco in the 4th quarter worth approximately $27,000. Versant Capital Management Inc acquired a new position in shares of British American Tobacco in the fourth quarter worth $34,000. Cullen Frost Bankers Inc. boosted 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 valued at $40,000 after purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC grew its stake 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 purchasing an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BTI. 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 report on Monday, January 27th.

British American Tobacco Price Performance

NYSE BTI opened at $39.99 on Monday. The firm has a market cap of $82.84 billion, a P/E ratio of 8.21 and a beta of 0.38. The stock’s 50-day moving average is $40.27 and its two-hundred day moving average is $37.72. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two 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 announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is currently 60.57%.

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.