Signaturefd LLC Purchases 2,649 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Signaturefd LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,440 shares of the company’s stock after purchasing an additional 2,649 shares during the quarter. Signaturefd LLC’s holdings in British American Tobacco were worth $1,614,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of British American Tobacco by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company’s stock valued at $109,348,000 after acquiring an additional 137,231 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of British American Tobacco during the fourth quarter valued at about $55,620,000. First Eagle Investment Management LLC increased its holdings in shares of British American Tobacco by 13.0% during the fourth quarter. First Eagle Investment Management LLC now owns 967,976 shares of the company’s stock valued at $35,157,000 after acquiring an additional 111,033 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of British American Tobacco during the fourth quarter valued at about $31,480,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $41.83 on Tuesday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company’s 50 day moving average is $39.00 and its 200 day moving average is $37.48. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a market cap of $86.75 billion, a PE ratio of 8.59 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. Shareholders of record on Friday, March 28th will be given a $0.7491 dividend. 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

BTI has been the topic of several research reports. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

About British American Tobacco

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.