PDS Planning Inc Acquires 335 Shares of British American Tobacco p.l.c. (NYSE:BTI)

PDS Planning Inc raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,989 shares of the company’s stock after acquiring an additional 335 shares during the quarter. PDS Planning Inc’s holdings in British American Tobacco were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the period. Raymond James Financial Inc. bought a new stake in shares of British American Tobacco during the 4th quarter valued at $55,620,000. ABC Arbitrage SA purchased a new position in shares of British American Tobacco during the 4th quarter valued at $31,480,000. Public Employees Retirement System of Ohio bought a new position in British American Tobacco in the 3rd quarter worth $28,183,000. Finally, Bridgewater Associates LP bought a new stake in British American Tobacco during the third quarter valued at about $27,118,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.2 %

Shares of British American Tobacco stock opened at $41.19 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a market cap of $85.31 billion, a price-to-earnings ratio of 8.46 and a beta of 0.50. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The business has a 50-day moving average price of $39.18 and a 200-day moving average price of $37.53.

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 $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

Wall Street Analyst Weigh In

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

British American Tobacco 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.