Jones Financial Companies Lllp Purchases 27,523 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Jones Financial Companies Lllp raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 50.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,382 shares of the company’s stock after purchasing an additional 27,523 shares during the period. Jones Financial Companies Lllp’s holdings in British American Tobacco were worth $2,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BTI. Oppenheimer Asset Management Inc. grew its position in 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 buying an additional 54,555 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of British American Tobacco by 45.3% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $4,824,000 after purchasing an additional 26,863 shares during the last quarter. QRG Capital Management Inc. raised 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 in the last quarter. Finally, Cerity Partners LLC lifted its position in British American Tobacco by 89.6% during 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. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 0.2 %

BTI stock opened at $39.69 on Thursday. The company has a market capitalization of $82.31 billion, a PE ratio of 8.15 and a beta of 0.50. 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 one year low of $28.25 and a one year high of $42.74. The company’s 50 day moving average price is $38.27 and its two-hundred day moving average price is $37.22.

British American Tobacco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is presently 60.57%.

Analyst Ratings Changes

A number of brokerages have recently commented on BTI. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded 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.