First National Trust Co Has $1.75 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

First National Trust Co lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 42.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 48,283 shares of the company’s stock after purchasing an additional 14,294 shares during the period. First National Trust Co’s holdings in British American Tobacco were worth $1,754,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its position in shares of British American Tobacco by 35.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after purchasing an additional 54,555 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of British American Tobacco by 45.3% in the fourth 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. QRG Capital Management Inc. lifted its position in shares of British American Tobacco by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock worth $7,121,000 after purchasing an additional 17,478 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of British American Tobacco by 25.6% in the third 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. Finally, Cerity Partners LLC lifted its position in shares of British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after purchasing an additional 31,250 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on BTI. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. 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 Price Performance

Shares of BTI opened at $41.40 on Friday. The firm has a market capitalization of $85.85 billion, a PE ratio of 8.50 and a beta of 0.50. The company’s 50-day moving average is $38.90 and its 200-day moving average is $37.44. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s payout ratio is presently 60.57%.

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.