Magnolia Group LLC Buys Shares of 102,000 British American Tobacco p.l.c. (NYSE:BTI)

Magnolia Group LLC acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 102,000 shares of the company’s stock, valued at approximately $3,705,000. British American Tobacco makes up 0.6% of Magnolia Group LLC’s portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTI. SRS Capital Advisors Inc. boosted its stake in shares of British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of British American Tobacco in the 4th quarter worth $27,000. Versant Capital Management Inc acquired a new position in shares of British American Tobacco during the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. boosted its stake in British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on BTI. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note 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.

British American Tobacco Stock Performance

British American Tobacco stock opened at $41.37 on Thursday. The firm’s 50 day simple moving average is $38.72 and its 200 day simple moving average is $37.38. 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 1-year low of $28.25 and a 1-year high of $42.74. The firm has a market capitalization of $85.78 billion, a PE ratio of 8.49 and a beta of 0.50.

British American Tobacco Announces Dividend

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