Sequoia Financial Advisors LLC Buys 2,059 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Sequoia Financial Advisors LLC lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 18.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,518 shares of the company’s stock after purchasing an additional 2,059 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in British American Tobacco were worth $491,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BTI. FMR LLC raised its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in British American Tobacco in the fourth quarter worth about $55,620,000. ABC Arbitrage SA acquired a new position in British American Tobacco during the 4th quarter valued at about $31,480,000. Public Employees Retirement System of Ohio bought a new position in shares of British American Tobacco in the 3rd quarter valued at about $28,183,000. Finally, Bridgewater Associates LP acquired a new stake in shares of British American Tobacco during the 3rd quarter worth approximately $27,118,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Up 1.1 %

British American Tobacco stock opened at $41.83 on Tuesday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week 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. The firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 8.59 and a beta of 0.50. The company’s 50 day simple moving average is $39.00 and its 200 day simple moving average is $37.48.

British American Tobacco Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on BTI. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. StockNews.com upgraded 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.