Sagespring Wealth Partners LLC Invests $465,000 in British American Tobacco p.l.c. (NYSE:BTI)

Sagespring Wealth Partners LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,804 shares of the company's stock, valued at approximately $465,000.

Other hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. lifted its position in 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 buying an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of British American Tobacco during the 4th quarter worth approximately $27,000. Versant Capital Management Inc acquired a new stake in British American Tobacco in the 4th quarter valued at approximately $34,000. Cullen Frost Bankers Inc. boosted its position in shares of British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after buying an additional 846 shares during the period. Finally, ORG Partners LLC lifted its stake in British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after acquiring an additional 299 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.3 %

Shares of BTI stock traded up $0.11 during trading hours on Monday, reaching $42.48. 1,336,828 shares of the stock were exchanged, compared to its average volume of 5,030,174. The business's fifty day moving average is $40.37 and its two-hundred day moving average is $38.04. The firm has a market capitalization of $87.91 billion, a P/E ratio of 8.74 and a beta of 0.38. British American Tobacco p.l.c. has a 12-month low of $29.07 and a 12-month high of $42.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is currently 60.57%.

Wall Street Analyst Weigh In

BTI has been the topic of several research reports. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th.

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.