Access Investment Management LLC Acquires 4,000 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Access Investment Management LLC increased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 34.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,620 shares of the company’s stock after buying an additional 4,000 shares during the period. Access Investment Management LLC’s holdings in British American Tobacco were worth $567,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BTI. FMR LLC raised its stake in shares of British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after purchasing an additional 2,868,675 shares during the period. ABC Arbitrage SA purchased a new stake in British American Tobacco in the fourth quarter valued at approximately $31,480,000. Public Employees Retirement System of Ohio bought a new stake in British American Tobacco during the third quarter valued at approximately $28,183,000. Bridgewater Associates LP bought a new position in British American Tobacco in the third quarter valued at $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 2.0 %

Shares of NYSE BTI opened at $37.80 on Friday. The firm has a fifty day simple moving average of $37.90 and a two-hundred day simple moving average of $37.05. The firm has a market capitalization of $78.38 billion, a PE ratio of 7.76 and a beta of 0.53. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74.

British American Tobacco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be issued a $0.7391 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 annualized dividend and a yield of 7.82%. British American Tobacco’s dividend payout ratio (DPR) is presently 59.14%.

Analyst Ratings Changes

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

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.