Lake Street Advisors Group LLC Invests $216,000 in British American Tobacco p.l.c. (NYSE:BTI)

Lake Street Advisors Group LLC acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 5,822 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Key Client Fiduciary Advisors LLC boosted its holdings in British American Tobacco by 2.0% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock worth $547,000 after buying an additional 295 shares in the last quarter. ORG Partners LLC boosted 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. First City Capital Management Inc. boosted its holdings in British American Tobacco by 2.8% during the third quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock worth $398,000 after buying an additional 300 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in British American Tobacco by 17.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,570 shares of the company’s stock worth $93,000 after buying an additional 388 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in British American Tobacco by 7.9% during the fourth quarter. Rhumbline Advisers now owns 5,458 shares of the company’s stock worth $198,000 after buying an additional 400 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

BTI opened at $38.93 on Friday. 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 company has a market cap of $80.74 billion, a price-to-earnings ratio of 7.99 and a beta of 0.53. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The firm’s fifty day simple moving average is $38.06 and its two-hundred day simple moving average is $37.14.

British American Tobacco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be issued 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 Analysts Forecast Growth

BTI has been the topic of a number of recent analyst reports. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a 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.

About British American Tobacco

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.