Checchi Capital Advisers LLC Boosts Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Checchi Capital Advisers LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 15.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,745 shares of the company’s stock after purchasing an additional 1,048 shares during the period. Checchi Capital Advisers LLC’s holdings in British American Tobacco were worth $281,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in shares of British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after acquiring an additional 54,555 shares during the period. SG Americas Securities LLC increased its holdings in British American Tobacco by 45.3% during the 4th 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 during the period. Charles Schwab Investment Management Inc. raised its position in British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after purchasing an additional 26,863 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after buying an additional 31,250 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $38.71 on Friday. The stock’s 50-day simple moving average is $38.00 and its 200-day simple moving average is $37.12. 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 firm has a market capitalization of $80.26 billion, a PE ratio of 7.95 and a beta of 0.53. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74.

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 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 presently 60.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BTI shares. StockNews.com upgraded 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 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.