Raymond James Financial Inc. Acquires New Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Raymond James Financial Inc. acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,531,380 shares of the company’s stock, valued at approximately $55,620,000. Raymond James Financial Inc. owned 0.07% of British American Tobacco as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC boosted its position in British American Tobacco by 49.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,663 shares of the company’s stock worth $97,000 after acquiring an additional 880 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in British American Tobacco by 4.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 21,986 shares of the company’s stock worth $804,000 after acquiring an additional 969 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in British American Tobacco during the 3rd quarter worth approximately $431,000. Kennebec Savings Bank acquired a new position in British American Tobacco during the 3rd quarter worth approximately $227,000. Finally, Catalytic Wealth RIA LLC boosted its position in British American Tobacco by 5.6% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 11,519 shares of the company’s stock worth $421,000 after acquiring an additional 614 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

British American Tobacco Trading Down 0.8 %

Shares of British American Tobacco stock opened at $40.59 on Tuesday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74. The stock has a market cap of $84.16 billion, a P/E ratio of 8.33 and a beta of 0.50. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $38.52 and its 200-day moving average is $37.32.

British American Tobacco Announces Dividend

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