Fingerlakes Wealth Management Inc. Has $232,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

Fingerlakes Wealth Management Inc. raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,383 shares of the company’s stock after buying an additional 738 shares during the quarter. Fingerlakes Wealth Management Inc.’s holdings in British American Tobacco were worth $232,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC boosted its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. ABC Arbitrage SA bought a new position in British American Tobacco during the fourth quarter worth about $31,480,000. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco in the third quarter worth about $28,183,000. Bridgewater Associates LP acquired a new stake in shares of British American Tobacco during the third quarter worth about $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 0.7 %

NYSE BTI opened at $38.41 on Thursday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The stock’s 50 day moving average price is $37.87 and its two-hundred day moving average price is $37.01.

British American Tobacco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. This represents a $2.96 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Tuesday, December 30th.

Analyst Ratings Changes

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

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.