British American Tobacco p.l.c. (NYSE:BTI) Stock Position Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 9.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,073 shares of the company’s stock after buying an additional 17,478 shares during the period. QRG Capital Management Inc.’s holdings in British American Tobacco were worth $7,121,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTI. Oppenheimer & Co. Inc. lifted its holdings in British American Tobacco by 29.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,176 shares of the company’s stock valued at $951,000 after acquiring an additional 6,008 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in British American Tobacco by 0.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 208,309 shares of the company’s stock valued at $7,566,000 after acquiring an additional 585 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in British American Tobacco in the 4th quarter valued at about $217,000. NewEdge Wealth LLC lifted its holdings in British American Tobacco by 56.2% in the 4th quarter. NewEdge Wealth LLC now owns 41,210 shares of the company’s stock valued at $1,497,000 after acquiring an additional 14,823 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in British American Tobacco in the 4th quarter valued at about $98,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

BTI stock opened at $38.93 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The firm has a market capitalization of $80.74 billion, a PE ratio of 7.99 and a beta of 0.53. The firm has a 50-day moving average of $38.06 and a two-hundred day moving average of $37.14.

British American Tobacco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. 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 shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

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.