D.A. Davidson & CO. Has $1.73 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

D.A. Davidson & CO. boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 5.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,728 shares of the company’s stock after acquiring an additional 2,257 shares during the quarter. D.A. Davidson & CO.’s holdings in British American Tobacco were worth $1,734,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in British American Tobacco by 22.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,664 shares of the company’s stock valued at $719,000 after purchasing an additional 3,638 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in British American Tobacco by 4.7% in the third quarter. Sequoia Financial Advisors LLC now owns 11,459 shares of the company’s stock valued at $419,000 after purchasing an additional 514 shares in the last quarter. International Assets Investment Management LLC bought a new stake in British American Tobacco in the third quarter valued at approximately $35,770,000. Ballentine Partners LLC increased its stake in British American Tobacco by 37.7% in the third quarter. Ballentine Partners LLC now owns 10,973 shares of the company’s stock valued at $401,000 after purchasing an additional 3,004 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in British American Tobacco in the third quarter valued at approximately $345,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of BTI stock opened at $37.80 on Friday. The stock has a market cap of $78.38 billion, a P/E ratio of 7.76 and a beta of 0.53. 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 has a fifty day moving average price of $37.90 and a two-hundred day moving average price of $37.05. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be paid a dividend of $0.7391 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date is Tuesday, December 30th. British American Tobacco’s dividend payout ratio is presently 59.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BTI shares. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

About British American Tobacco

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.