Venturi Wealth Management LLC Raises Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Venturi Wealth Management LLC boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,423 shares of the company’s stock after acquiring an additional 618 shares during the quarter. Venturi Wealth Management LLC’s holdings in British American Tobacco were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in British American Tobacco by 35.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after acquiring an additional 54,555 shares during the period. SG Americas Securities LLC boosted its holdings in British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after acquiring an additional 14,432 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after acquiring an additional 26,863 shares during the period. Cerity Partners LLC raised its position in British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after purchasing an additional 31,250 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in British American Tobacco by 3,153.0% during the 3rd 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 during the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on BTI. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday.

British American Tobacco Trading Up 0.7 %

Shares of NYSE:BTI opened at $38.41 on Thursday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The stock has a 50 day moving average price of $37.87 and a 200-day moving average price of $37.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

British American Tobacco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be given a $0.7391 dividend. This represents a $2.96 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Tuesday, December 30th.

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.