Huntington National Bank Grows Stake in British American Tobacco p.l.c. (NYSE:BTI)

Huntington National Bank boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,791 shares of the company’s stock after acquiring an additional 373 shares during the quarter. Huntington National Bank’s holdings in British American Tobacco were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of British American Tobacco by 6.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 136,585 shares of the company’s stock worth $4,961,000 after purchasing an additional 7,785 shares during the period. OLD Mission Capital LLC increased its holdings in British American Tobacco by 1,004.1% during the fourth quarter. OLD Mission Capital LLC now owns 148,181 shares of the company’s stock valued at $5,382,000 after buying an additional 134,760 shares during the last quarter. National Bank of Canada FI raised its position in British American Tobacco by 2.5% in the fourth quarter. National Bank of Canada FI now owns 90,676 shares of the company’s stock worth $3,293,000 after acquiring an additional 2,190 shares during the period. Meridian Investment Counsel Inc. boosted its stake in shares of British American Tobacco by 1.5% during the 4th quarter. Meridian Investment Counsel Inc. now owns 58,737 shares of the company’s stock worth $2,133,000 after acquiring an additional 850 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of British American Tobacco by 1.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company’s stock valued at $17,922,000 after acquiring an additional 7,875 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Down 4.6 %

Shares of BTI stock opened at $39.99 on Friday. The company has a market capitalization of $82.84 billion, a price-to-earnings ratio of 8.21 and a beta of 0.38. 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 fifty day moving average price is $40.27 and its 200-day moving average price is $37.72. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74.

British American Tobacco Announces Dividend

The firm 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 payout ratio is 60.57%.

Analyst Ratings Changes

Several research firms recently weighed in on BTI. StockNews.com upgraded 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 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.