Pitcairn Co. Purchases 753 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Pitcairn Co. raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 10.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,980 shares of the company’s stock after acquiring an additional 753 shares during the quarter. Pitcairn Co.’s holdings in British American Tobacco were worth $290,000 as of its most recent SEC filing.

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

British American Tobacco Stock Down 4.6 %

Shares of BTI stock opened at $39.99 on Monday. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a market cap of $82.84 billion, a PE ratio of 8.21 and a beta of 0.38. The stock has a 50 day moving average of $40.27 and a 200-day moving average of $37.72.

British American Tobacco Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders 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 dividend payout ratio (DPR) is presently 60.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BTI shares. 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 research report on Monday, January 27th.

About British American Tobacco

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.