Orion Portfolio Solutions LLC Has $2.42 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Orion Portfolio Solutions LLC raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,514 shares of the company’s stock after acquiring an additional 3,522 shares during the period. Orion Portfolio Solutions LLC’s holdings in British American Tobacco were worth $2,416,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BTI. Thrivent Financial for Lutherans boosted its stake in British American Tobacco by 46.4% in the third quarter. Thrivent Financial for Lutherans now owns 24,262 shares of the company’s stock worth $887,000 after purchasing an additional 7,686 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after acquiring an additional 26,863 shares during the last quarter. BNP Paribas Financial Markets increased its position in British American Tobacco by 328.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 67,374 shares of the company’s stock valued at $2,465,000 after acquiring an additional 51,662 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of British American Tobacco by 39.4% during the third quarter. Townsquare Capital LLC now owns 19,980 shares of the company’s stock worth $731,000 after purchasing an additional 5,646 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $663,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of BTI stock opened at $41.12 on Wednesday. The firm’s 50 day moving average price is $40.05 and its two-hundred day moving average price is $37.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74. The stock has a market cap of $85.16 billion, a PE ratio of 8.44 and a beta of 0.50.

British American Tobacco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BTI shares. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

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.