Dorsey & Whitney Trust CO LLC Raises Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Dorsey & Whitney Trust CO LLC raised its stake in British American Tobacco p.l.c. (NYSE:BTI) by 7.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,089 shares of the company’s stock after buying an additional 658 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in British American Tobacco were worth $330,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its holdings in 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 buying an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco in the 4th quarter valued at $27,000. Versant Capital Management Inc purchased a new stake in British American Tobacco in the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. grew its holdings in British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after buying an additional 846 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $40.59 on Tuesday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The business’s fifty day simple moving average is $38.52 and its 200-day simple moving average is $37.32. The firm has a market cap of $84.16 billion, a PE ratio of 8.33 and a beta of 0.50. 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. Investors of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BTI. StockNews.com upgraded 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 research note on Monday, January 27th.

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.