60,069 Shares in British American Tobacco p.l.c. (NYSE:BTI) Purchased by TT Capital Management LLC

TT Capital Management LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 60,069 shares of the company’s stock, valued at approximately $2,159,000. British American Tobacco comprises 1.7% of TT Capital Management LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound View Wealth Advisors Group LLC lifted its position in shares of British American Tobacco by 3.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock worth $323,000 after buying an additional 258 shares in the last quarter. Stokes Family Office LLC lifted its holdings in British American Tobacco by 1.9% during the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company’s stock worth $534,000 after acquiring an additional 269 shares during the period. Key Client Fiduciary Advisors LLC boosted its position in British American Tobacco by 2.0% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock worth $547,000 after purchasing an additional 295 shares during the last quarter. ORG Partners LLC grew its stake in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after purchasing an additional 299 shares during the period. Finally, Harbour Investments Inc. raised its stake in shares of British American Tobacco by 17.0% during the 4th quarter. Harbour Investments Inc. now owns 2,095 shares of the company’s stock worth $76,000 after purchasing an additional 305 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 2.4 %

Shares of British American Tobacco stock opened at $41.54 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a market capitalization of $85.97 billion, a P/E ratio of 8.53 and a beta of 0.38. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The stock’s 50-day simple moving average is $40.34 and its 200 day simple moving average is $37.83.

British American Tobacco Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be paid 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%.

Analysts Set New Price Targets

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

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.