British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 208,309 shares of the company’s stock after acquiring an additional 585 shares during the period. Oppenheimer Asset Management Inc.’s holdings in British American Tobacco were worth $7,566,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BTI. SG Americas Securities LLC raised its holdings in British American Tobacco by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after buying an additional 14,432 shares during the period. 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 acquiring an additional 26,863 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after acquiring an additional 31,250 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after purchasing an additional 554,491 shares during the period. Finally, Kize Capital LP increased its holdings in British American Tobacco by 12.9% in the 3rd quarter. Kize Capital LP now owns 395,000 shares of the company’s stock valued at $14,449,000 after purchasing an additional 45,000 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

British American Tobacco stock opened at $38.93 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The firm’s fifty day moving average price is $38.06 and its 200 day moving average price is $37.14. The company has a market capitalization of $80.74 billion, a price-to-earnings ratio of 7.99 and a beta of 0.53. 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 Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have 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 raised British American Tobacco from a “hold” rating to a “buy” rating in a research 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.