British American Tobacco p.l.c. (NYSE:BTI) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 29.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,176 shares of the company’s stock after purchasing an additional 6,008 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in British American Tobacco were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after acquiring an additional 54,555 shares during the period. SG Americas Securities LLC boosted its position in shares of British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after purchasing an additional 14,432 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after purchasing an additional 26,863 shares in the last quarter. Cerity Partners LLC raised its stake in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after buying an additional 31,250 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after buying an additional 554,491 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Down 0.3 %

Shares of NYSE:BTI opened at $39.64 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The stock has a market capitalization of $82.19 billion, a P/E ratio of 8.14 and a beta of 0.50. The stock has a 50-day simple moving average of $38.20 and a 200-day simple moving average of $37.21.

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 issued a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is currently 60.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note 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.