Addison Advisors LLC Grows Position in British American Tobacco p.l.c. (NYSE:BTI)

Addison Advisors LLC lifted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 34.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,853 shares of the company’s stock after buying an additional 477 shares during the period. Addison Advisors LLC’s holdings in British American Tobacco were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc purchased a new position in British American Tobacco in the fourth quarter worth about $34,000. ORG Partners LLC boosted its position in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new position in British American Tobacco in the fourth quarter worth about $44,000. Creative Financial Designs Inc. ADV boosted its position in British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after purchasing an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

British American Tobacco Stock Up 1.4 %

BTI stock opened at $38.61 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve 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 stock has a market cap of $80.06 billion, a P/E ratio of 7.93 and a beta of 0.53. The business’s 50-day moving average price is $37.93 and its 200-day moving average price is $37.10.

British American Tobacco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.7391 per share. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.66%. British American Tobacco’s payout ratio is currently 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.