Greenline Partners LLC Takes $59,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Greenline Partners LLC bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,617 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors also recently added to or reduced their stakes in BTI. SRS Capital Advisors Inc. raised its holdings in shares of British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in British American Tobacco in the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. raised its stake in British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after buying an additional 846 shares in the last quarter. ORG Partners LLC lifted its holdings in British American Tobacco by 35.1% during the 4th 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. Finally, Kieckhefer Group LLC purchased a new position in shares of British American Tobacco in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 3.8 %

BTI opened at $41.64 on Friday. 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 52 week low of $30.01 and a 52 week high of $44.78. The business’s 50 day moving average is $41.57 and its two-hundred day moving average is $38.82. The firm has a market cap of $86.18 billion, a price-to-earnings ratio of 8.55 and a beta of 0.32.

British American Tobacco Dividend Announcement

The firm 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 60.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BTI shares. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Finally, UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.00.

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.