Sequoia Financial Advisors LLC Buys 2,059 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Sequoia Financial Advisors LLC boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,518 shares of the company’s stock after acquiring an additional 2,059 shares during the period. Sequoia Financial Advisors LLC’s holdings in British American Tobacco were worth $491,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BTI. HighTower Advisors LLC lifted its position in British American Tobacco by 5.5% in the fourth quarter. HighTower Advisors LLC now owns 189,961 shares of the company’s stock worth $6,899,000 after purchasing an additional 9,858 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of British American Tobacco by 0.4% during the 4th quarter. Moors & Cabot Inc. now owns 81,858 shares of the company’s stock worth $2,973,000 after acquiring an additional 321 shares during the period. Independent Advisor Alliance boosted its position in shares of British American Tobacco by 9.0% during the 4th quarter. Independent Advisor Alliance now owns 19,551 shares of the company’s stock valued at $710,000 after acquiring an additional 1,614 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in British American Tobacco by 3.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock valued at $323,000 after acquiring an additional 258 shares during the period. Finally, Ceera Investments LLC acquired a new position in British American Tobacco in the fourth quarter worth about $1,036,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

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

British American Tobacco Stock Performance

NYSE BTI opened at $41.83 on Tuesday. The firm has a market cap of $86.75 billion, a price-to-earnings ratio of 8.59 and a beta of 0.50. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The company has a 50 day moving average of $39.00 and a 200-day moving average of $37.48.

British American Tobacco Dividend Announcement

The firm 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 is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

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.