Sanctuary Advisors LLC Buys 8,983 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Sanctuary Advisors LLC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 10.3% in the fourth quarter, Holdings Channel reports. The fund owned 96,430 shares of the company’s stock after acquiring an additional 8,983 shares during the period. Sanctuary Advisors LLC’s holdings in British American Tobacco were worth $3,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after acquiring an additional 54,555 shares during the period. SG Americas Securities LLC lifted its holdings in shares of British American Tobacco by 45.3% during the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock valued at $1,681,000 after acquiring an additional 14,432 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after acquiring an additional 26,863 shares during the period. Cerity Partners LLC raised its holdings in shares of British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after buying an additional 31,250 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after buying an additional 554,491 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

Shares of BTI stock opened at $37.80 on Friday. The stock has a 50-day moving average price of $37.90 and a 200 day moving average price of $37.04. 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 p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74.

British American Tobacco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be given a $0.7391 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a yield of 7.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BTI shares. StockNews.com raised 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 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.