CenterBook Partners LP Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

CenterBook Partners LP purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,144 shares of the company's stock, valued at approximately $950,000.

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

Analysts Set New Price Targets

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

British American Tobacco Stock Up 1.2 %

NYSE:BTI traded up $0.49 during trading hours on Thursday, hitting $42.32. 2,593,362 shares of the company's stock traded hands, compared to its average volume of 4,660,015. The firm has a market cap of $87.58 billion, a P/E ratio of 8.69 and a beta of 0.38. British American Tobacco p.l.c. has a twelve month low of $28.42 and a twelve month high of $42.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock's fifty day moving average price is $40.37 and its two-hundred day moving average price is $37.93.

British American Tobacco Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's dividend payout ratio is currently 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.