First Trust Advisors LP Buys 39,035 Shares of British American Tobacco p.l.c. (NYSE:BTI)

First Trust Advisors LP boosted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,293,782 shares of the company's stock after buying an additional 39,035 shares during the period. First Trust Advisors LP owned 0.06% of British American Tobacco worth $46,990,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BTI. Sound View Wealth Advisors Group LLC increased its position in British American Tobacco by 3.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock worth $323,000 after purchasing an additional 258 shares during the last quarter. Keystone Financial Group lifted its stake in shares of British American Tobacco by 1.5% in the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company's stock worth $643,000 after buying an additional 267 shares during the last quarter. Stokes Family Office LLC grew its stake in British American Tobacco by 1.9% in the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after buying an additional 269 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its position in British American Tobacco by 2.0% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock worth $547,000 after acquiring an additional 295 shares during the last quarter. Finally, ORG Partners LLC boosted its position in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after acquiring an additional 299 shares during the period. Institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

NYSE:BTI traded up $0.06 during trading hours on Tuesday, reaching $42.45. The company had a trading volume of 1,662,404 shares, compared to its average volume of 4,636,680. The firm has a market capitalization of $87.85 billion, a PE ratio of 8.72 and a beta of 0.38. British American Tobacco p.l.c. has a one year low of $29.36 and a one year high of $43.12. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $40.74 and a two-hundred day moving average of $38.34.

British American Tobacco Dividend Announcement

The business also recently disclosed 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 dividend payout ratio (DPR) is presently 60.57%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BTI shares. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note 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.

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.