GeoWealth Management LLC Increases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

GeoWealth Management LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,791 shares of the company’s stock after acquiring an additional 446 shares during the quarter. GeoWealth Management LLC’s holdings in British American Tobacco were worth $428,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Capital International Investors lifted its stake in British American Tobacco by 17.1% during the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company’s stock worth $1,411,179,000 after purchasing an additional 5,673,619 shares in the last quarter. FMR LLC raised its holdings in shares of British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company’s stock valued at $371,641,000 after buying an additional 3,127,046 shares during the period. Bank of Montreal Can lifted its stake in British American Tobacco by 2,565.4% during the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company’s stock worth $75,521,000 after acquiring an additional 2,001,311 shares in the last quarter. Bridgewater Associates LP boosted its holdings in British American Tobacco by 261.7% during the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company’s stock valued at $97,388,000 after acquiring an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in British American Tobacco in the 4th quarter valued at about $55,620,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently 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 upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Stock Performance

Shares of BTI opened at $42.50 on Tuesday. British American Tobacco p.l.c. has a 1 year low of $29.07 and a 1 year high of $43.02. The stock has a 50-day simple moving average of $40.37 and a 200-day simple moving average of $38.09. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a market capitalization of $87.96 billion, a PE ratio of 8.73 and a beta of 0.38.

British American Tobacco Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is presently 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.