British American Tobacco p.l.c. $BTI Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,534 shares of the company's stock after acquiring an additional 19,577 shares during the period. QRG Capital Management Inc.'s holdings in British American Tobacco were worth $10,052,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Truist Financial Corp boosted its holdings in British American Tobacco by 0.5% in the fourth quarter. Truist Financial Corp now owns 429,485 shares of the company's stock valued at $24,317,000 after purchasing an additional 2,201 shares during the last quarter. Altrius Capital Management Inc raised its position in shares of British American Tobacco by 3.9% in the 4th quarter. Altrius Capital Management Inc now owns 166,742 shares of the company's stock valued at $9,441,000 after purchasing an additional 6,263 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of British American Tobacco by 4.7% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 14,982 shares of the company's stock valued at $848,000 after buying an additional 668 shares during the last quarter. Souders Financial Advisors increased its stake in shares of British American Tobacco by 9.1% in the fourth quarter. Souders Financial Advisors now owns 32,333 shares of the company's stock worth $1,831,000 after buying an additional 2,699 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in British American Tobacco by 14.5% in the fourth quarter. Benjamin Edwards Inc. now owns 79,007 shares of the company's stock valued at $4,473,000 after acquiring an additional 9,976 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Up 1.8%

BTI stock opened at $59.38 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. British American Tobacco p.l.c. has a 12-month low of $40.12 and a 12-month high of $63.22. The stock's 50 day simple moving average is $58.83 and its 200 day simple moving average is $57.43.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be paid a dividend of $0.8349 per share. The ex-dividend date is Tuesday, December 29th. This represents a $3.34 annualized dividend and a yield of 5.6%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BTI. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Sunday, April 5th. Weiss Ratings raised shares of British American Tobacco from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, British American Tobacco has a consensus rating of "Moderate Buy" and an average target price of $51.00.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world's largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT's core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.

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