British American Tobacco (NYSE:BTI) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Separately, UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Trading Up 0.7 %

Shares of BTI stock opened at $38.41 on Monday. British American Tobacco has a 52-week low of $28.25 and a 52-week high of $42.74. The stock’s 50-day moving average price is $37.87 and its 200 day moving average price is $37.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

British American Tobacco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be paid a dividend of $0.7391 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date is Tuesday, December 30th.

Hedge Funds Weigh In On British American Tobacco

Large investors have recently modified their holdings of the business. SRS Capital Advisors Inc. raised 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 worth $26,000 after acquiring an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of British American Tobacco in the 4th quarter valued at about $27,000. Versant Capital Management Inc purchased a new position in British American Tobacco in the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. increased its holdings in 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 buying an additional 846 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

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.