Forum Financial Management LP Acquires 6,367 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Forum Financial Management LP boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,438 shares of the company's stock after acquiring an additional 6,367 shares during the quarter. Forum Financial Management LP's holdings in British American Tobacco were worth $779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BTI. Capital International Investors increased its position in British American Tobacco by 17.1% during the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock valued at $1,411,179,000 after buying an additional 5,673,619 shares in the last quarter. FMR LLC increased its position in shares of British American Tobacco by 44.0% during the fourth quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after purchasing an additional 3,127,046 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of British American Tobacco by 2,565.4% during the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after purchasing an additional 2,001,311 shares during the last quarter. Bridgewater Associates LP boosted its stake in British American Tobacco by 261.7% during the fourth quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock worth $97,388,000 after buying an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of British American Tobacco in the fourth quarter worth $55,620,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 1.4 %

NYSE:BTI traded down $0.58 on Friday, hitting $41.87. 1,570,259 shares of the company's stock were exchanged, compared to its average volume of 5,110,263. The company has a market cap of $86.66 billion, a P/E ratio of 8.59 and a beta of 0.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a 50-day moving average price of $40.58 and a 200-day moving average price of $38.20. British American Tobacco p.l.c. has a 52 week low of $29.08 and a 52 week high of $43.12.

British American Tobacco Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's payout ratio is 60.57%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BTI. StockNews.com raised shares of 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 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.