Tower Research Capital LLC TRC Raises Position in British American Tobacco p.l.c. (NYSE:BTI)

Tower Research Capital LLC TRC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 162.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,009 shares of the company’s stock after acquiring an additional 58,750 shares during the period. Tower Research Capital LLC TRC’s holdings in British American Tobacco were worth $3,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its stake in shares of British American Tobacco by 614.8% in the third quarter. McIlrath & Eck LLC now owns 2,173 shares of the company’s stock worth $79,000 after purchasing an additional 1,869 shares during the last quarter. Bard Financial Services Inc. raised its position in British American Tobacco by 49.5% in the 3rd quarter. Bard Financial Services Inc. now owns 94,209 shares of the company’s stock worth $3,446,000 after buying an additional 31,174 shares during the last quarter. Virtu Financial LLC bought a new position in British American Tobacco during the 3rd quarter valued at about $3,742,000. Sculati Wealth Management LLC grew its stake in shares of British American Tobacco by 52.1% in the third quarter. Sculati Wealth Management LLC now owns 19,490 shares of the company’s stock worth $713,000 after acquiring an additional 6,680 shares during the period. Finally, Stock Yards Bank & Trust Co. purchased a new stake in British American Tobacco in the third quarter worth approximately $219,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Performance

Shares of BTI opened at $42.50 on Tuesday. The business has a 50-day simple moving average of $40.37 and a two-hundred day simple moving average of $38.09. 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 $29.07 and a 52 week high of $43.02. The stock has a market cap of $87.96 billion, a price-to-earnings ratio of 8.73 and a beta of 0.38.

British American Tobacco Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio is 60.57%.

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.