First Eagle Investment Management LLC Has $35.16 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

First Eagle Investment Management LLC boosted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 13.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 967,976 shares of the company’s stock after buying an additional 111,033 shares during the quarter. First Eagle Investment Management LLC’s holdings in British American Tobacco were worth $35,157,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Magnolia Group LLC acquired a new stake in British American Tobacco in the fourth quarter valued at about $3,705,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of British American Tobacco by 27.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,115 shares of the company’s stock valued at $26,409,000 after purchasing an additional 155,038 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of British American Tobacco by 17.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,127 shares of the company’s stock valued at $114,000 after purchasing an additional 464 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of British American Tobacco by 18.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,518 shares of the company’s stock valued at $491,000 after purchasing an additional 2,059 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of British American Tobacco by 5.5% during the fourth quarter. HighTower Advisors LLC now owns 189,961 shares of the company’s stock valued at $6,899,000 after purchasing an additional 9,858 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

British American Tobacco Price Performance

Shares of BTI opened at $41.37 on Friday. The company has a market capitalization of $85.78 billion, a price-to-earnings ratio of 8.49 and a beta of 0.50. The business has a 50-day moving average of $38.81 and a 200-day moving average of $37.41. 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 p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74.

British American Tobacco Dividend Announcement

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

British American Tobacco 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.