Whittier Trust Co. of Nevada Inc. Increases Position in British American Tobacco p.l.c. (NYSE:BTI)

Whittier Trust Co. of Nevada Inc. lifted its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 67.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,930 shares of the company’s stock after buying an additional 2,799 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in British American Tobacco were worth $252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after buying an additional 14,432 shares during the last quarter. QRG Capital Management Inc. lifted its stake in British American Tobacco by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after purchasing an additional 17,478 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in British American Tobacco by 25.6% in the third 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 during the last quarter. Cerity Partners LLC lifted its stake in British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after purchasing an additional 31,250 shares during the last quarter. Finally, Edmp Inc. purchased a new position in British American Tobacco in the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.6 %

Shares of BTI stock opened at $40.83 on Monday. The company’s fifty day simple moving average is $39.36 and its two-hundred day simple moving average is $37.57. 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. The stock has a market capitalization of $84.56 billion, a price-to-earnings ratio of 8.38 and a beta of 0.50.

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 dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

Analyst Ratings Changes

Several research firms recently commented on BTI. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

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.