NewEdge Wealth LLC Has $1.50 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

NewEdge Wealth LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 56.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,210 shares of the company’s stock after buying an additional 14,823 shares during the period. NewEdge Wealth LLC’s holdings in British American Tobacco were worth $1,497,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BTI. FMR LLC raised its holdings in British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares in the last quarter. ABC Arbitrage SA bought a new position in British American Tobacco in the fourth quarter worth $31,480,000. Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco during the third quarter worth $28,183,000. Finally, Bridgewater Associates LP bought a new stake in British American Tobacco in the 3rd quarter valued at $27,118,000. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have 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 0.6 %

Shares of NYSE BTI opened at $38.93 on Friday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The business has a fifty day moving average of $38.06 and a two-hundred day moving average of $37.15. The stock has a market cap of $80.74 billion, a PE ratio of 7.99 and a beta of 0.53.

British American Tobacco Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is presently 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.