CoreFirst Bank & Trust Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

CoreFirst Bank & Trust purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,285 shares of the company’s stock, valued at approximately $47,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BTI shares. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised 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 Down 0.3 %

Shares of NYSE:BTI opened at $40.72 on Wednesday. The stock has a market cap of $84.35 billion, a price-to-earnings ratio of 8.36 and a beta of 0.50. The business’s 50 day moving average is $39.57 and its 200 day moving average is $37.60. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

British American Tobacco Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, May 12th. Stockholders 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%.

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.