British American Tobacco p.l.c. (NYSE:BTI) is Savoir Faire Capital Management L.P.’s 9th Largest Position

Savoir Faire Capital Management L.P. grew its position in British American Tobacco p.l.c. (NYSE:BTI) by 29.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,365 shares of the company’s stock after acquiring an additional 50,845 shares during the period. British American Tobacco comprises 3.9% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 9th largest holding. Savoir Faire Capital Management L.P.’s holdings in British American Tobacco were worth $8,113,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of British American Tobacco during the 4th quarter worth approximately $55,620,000. Arrowstreet Capital Limited Partnership raised its position in British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company’s stock worth $221,343,000 after acquiring an additional 1,196,020 shares in the last quarter. ABC Arbitrage SA acquired a new stake in British American Tobacco in the fourth quarter valued at $31,480,000. Public Employees Retirement System of Ohio purchased a new stake in shares of British American Tobacco during the 3rd quarter worth $28,183,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of British American Tobacco in the 4th quarter valued at about $11,820,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

British American Tobacco Stock Up 4.4 %

BTI stock opened at $42.03 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The company’s 50 day simple moving average is $40.23 and its 200-day simple moving average is $37.72. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The firm has a market capitalization of $87.06 billion, a PE ratio of 8.63 and a beta of 0.38.

British American Tobacco Announces Dividend

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

British American Tobacco Company 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.