Oppenheimer Asset Management Inc. Grows Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Oppenheimer Asset Management Inc. raised its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,309 shares of the company’s stock after acquiring an additional 585 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in British American Tobacco were worth $7,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of British American Tobacco by 22.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,664 shares of the company’s stock worth $719,000 after purchasing an additional 3,638 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of British American Tobacco by 25.8% in the third quarter. First Trust Direct Indexing L.P. now owns 10,368 shares of the company’s stock worth $379,000 after acquiring an additional 2,124 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of British American Tobacco in the third quarter valued at $300,000. Financial Advocates Investment Management boosted its stake in shares of British American Tobacco by 4.7% during the third quarter. Financial Advocates Investment Management now owns 20,587 shares of the company’s stock valued at $753,000 after acquiring an additional 926 shares during the last quarter. Finally, US Bancorp DE increased its position in British American Tobacco by 21.6% during the 3rd quarter. US Bancorp DE now owns 75,814 shares of the company’s stock worth $2,773,000 after purchasing an additional 13,482 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

NYSE BTI opened at $38.93 on Friday. The business’s 50-day moving average price is $38.06 and its 200 day moving average price is $37.14. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company has a market capitalization of $80.74 billion, a PE ratio of 7.99 and a beta of 0.53.

British American Tobacco Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 12th. Investors 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 dividend payout ratio is presently 60.57%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

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.