Parvin Asset Management LLC Buys New Stake in British American Tobacco p.l.c. (NYSE:BTI)

Parvin Asset Management LLC bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,065 shares of the company's stock, valued at approximately $329,000.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BTI shares. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. StockNews.com upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Finally, UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $33.00.

British American Tobacco Stock Performance

NYSE BTI traded up $0.51 on Monday, hitting $43.68. 1,343,432 shares of the company traded hands, compared to its average volume of 4,691,893. The business's 50 day moving average price is $41.13 and its 200-day moving average price is $38.56. The company has a market capitalization of $90.39 billion, a price-to-earnings ratio of 8.97 and a beta of 0.32. British American Tobacco p.l.c. has a 52-week low of $29.83 and a 52-week high of $43.86. 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 Dividend Announcement

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