Fingerlakes Wealth Management Inc. Has $232,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

Fingerlakes Wealth Management Inc. raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,383 shares of the company’s stock after acquiring an additional 738 shares during the quarter. Fingerlakes Wealth Management Inc.’s holdings in British American Tobacco were worth $232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after buying an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC grew its position in British American Tobacco by 7.7% during the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after acquiring an additional 206,117 shares during the last quarter. ABC Arbitrage SA acquired a new stake in British American Tobacco during the 4th quarter valued at $31,480,000. Public Employees Retirement System of Ohio acquired a new position in British American Tobacco in the third quarter worth $28,183,000. Finally, Bridgewater Associates LP bought a new stake in shares of British American Tobacco during the third quarter worth $27,118,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

Several 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 report on Monday. UBS Group raised 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 $38.41 on Thursday. The stock’s fifty day simple moving average is $37.87 and its 200-day simple moving average is $37.01. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74.

British American Tobacco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.7391 per share. This represents a $2.96 annualized dividend and a dividend yield of 7.70%. The ex-dividend date is Tuesday, December 30th.

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.