D.A. Davidson & CO. increased its stake in shares of British American Tobacco PLC (NYSE:BTI) by 27.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,237 shares of the company’s stock after acquiring an additional 3,878 shares during the quarter. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Verity & Verity LLC increased its position in British American Tobacco by 61.1% during the third quarter. Verity & Verity LLC now owns 34,736 shares of the company’s stock worth $2,169,000 after acquiring an additional 13,174 shares during the period. Pictet Asset Management Ltd. bought a new position in British American Tobacco during the third quarter worth $23,599,000. Atria Investments LLC increased its position in British American Tobacco by 82.9% during the fourth quarter. Atria Investments LLC now owns 10,090 shares of the company’s stock worth $676,000 after acquiring an additional 4,572 shares during the period. K2 Principal Fund L.P. bought a new position in British American Tobacco during the third quarter worth $1,249,000. Finally, Vontobel Asset Management Inc. increased its position in British American Tobacco by 28.1% during the fourth quarter. Vontobel Asset Management Inc. now owns 1,282,336 shares of the company’s stock worth $85,905,000 after acquiring an additional 281,543 shares during the period. 9.20% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on BTI. Zacks Investment Research lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a research report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. British American Tobacco has an average rating of “Buy” and an average target price of $79.00.
Shares of British American Tobacco PLC (NYSE:BTI) opened at $62.49 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91. British American Tobacco PLC has a fifty-two week low of $60.15 and a fifty-two week high of $73.41.
The firm also recently declared a None dividend, which was paid on Tuesday, February 13th. Shareholders of record on Friday, December 29th were issued a $0.581 dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend was Thursday, December 28th.
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About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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