TT Capital Management LLC Makes New $2.16 Million Investment in British American Tobacco p.l.c. (NYSE:BTI)

TT Capital Management LLC acquired a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,069 shares of the company's stock, valued at approximately $2,159,000. British American Tobacco accounts for 1.7% of TT Capital Management LLC's portfolio, making the stock its 16th largest holding.

A number of other hedge funds have also modified their holdings of the business. SRS Capital Advisors Inc. boosted its position in shares of British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after buying an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of British American Tobacco during the fourth quarter worth about $27,000. Versant Capital Management Inc acquired a new position in British American Tobacco during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. lifted its position in shares of British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after purchasing an additional 299 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BTI. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded up $0.50 on Friday, hitting $42.33. The stock had a trading volume of 4,744,458 shares, compared to its average volume of 4,671,306. The stock has a market cap of $87.61 billion, a price-to-earnings ratio of 8.69 and a beta of 0.38. British American Tobacco p.l.c. has a 52-week low of $28.62 and a 52-week high of $42.74. The company's 50 day moving average price is $40.37 and its 200 day moving average price is $37.97. 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 Announces Dividend

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 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.