Vestmark Advisory Solutions Inc. Buys 15,595 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Vestmark Advisory Solutions Inc. raised its stake in British American Tobacco p.l.c. (NYSE:BTI) by 64.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,870 shares of the company’s stock after buying an additional 15,595 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in British American Tobacco were worth $1,448,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of British American Tobacco in the 4th quarter worth $55,620,000. Cullen Frost Bankers Inc. boosted its stake in shares of British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after purchasing an additional 846 shares in the last quarter. M&T Bank Corp boosted its stake in shares of British American Tobacco by 4.3% in the 4th quarter. M&T Bank Corp now owns 50,906 shares of the company’s stock valued at $1,849,000 after purchasing an additional 2,101 shares in the last quarter. Souders Financial Advisors purchased a new stake in shares of British American Tobacco in the 4th quarter valued at $219,000. Finally, Keybank National Association OH boosted its stake in shares of British American Tobacco by 6.4% in the 4th quarter. Keybank National Association OH now owns 6,432 shares of the company’s stock valued at $234,000 after purchasing an additional 389 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

BTI has been the subject of a number of research reports. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note 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 Stock Up 1.7 %

Shares of British American Tobacco stock opened at $40.86 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The company has a 50-day moving average of $38.43 and a 200 day moving average of $37.28. The firm has a market cap of $84.74 billion, a price-to-earnings ratio of 8.39 and a beta of 0.50. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74.

British American Tobacco Announces Dividend

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

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.