Evergreen Capital Management LLC Acquires 5,525 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Evergreen Capital Management LLC grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 55.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,499 shares of the company’s stock after acquiring an additional 5,525 shares during the period. Evergreen Capital Management LLC’s holdings in British American Tobacco were worth $574,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SRS Capital Advisors Inc. raised 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 worth $26,000 after buying an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco during the 4th quarter valued at about $27,000. Versant Capital Management Inc bought a new stake in British American Tobacco during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. raised its stake in shares of British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC boosted its position in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI opened at $42.33 on Friday. The stock has a 50 day moving average of $40.37 and a 200 day moving average of $38.01. 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 $28.64 and a 12 month high of $42.74. The company has a market capitalization of $87.61 billion, a price-to-earnings ratio of 8.69 and a beta of 0.38.

British American Tobacco Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders 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 60.57%.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent analyst reports. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note 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 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.