M&T Bank Corp Buys 2,101 Shares of British American Tobacco p.l.c. (NYSE:BTI)

M&T Bank Corp boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,906 shares of the company’s stock after acquiring an additional 2,101 shares during the period. M&T Bank Corp’s holdings in British American Tobacco were worth $1,849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTI. Oppenheimer Asset Management Inc. grew its stake in British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after buying an additional 54,555 shares in the last quarter. SG Americas Securities LLC increased its stake in British American Tobacco by 45.3% in the fourth 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 last quarter. QRG Capital Management Inc. raised its position in British American Tobacco by 9.8% during the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after purchasing an additional 17,478 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after purchasing an additional 26,863 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of British American Tobacco by 89.6% in 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 in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on BTI. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

British American Tobacco Stock Performance

NYSE BTI opened at $40.86 on Monday. The firm’s fifty day moving average price is $38.43 and its two-hundred day moving average price is $37.29. The stock has a market cap of $84.74 billion, a PE ratio of 8.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74.

British American Tobacco Dividend Announcement

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

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.