British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.2% in the fourth quarter, Holdings Channel reports. The firm owned 21,073 shares of the company’s stock after buying an additional 1,409 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in British American Tobacco were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of British American Tobacco by 67.7% in the 3rd 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 period. Natixis Advisors LLC lifted its stake in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of British American Tobacco in the third quarter valued at about $28,183,000. Bridgewater Associates LP acquired a new stake in shares of British American Tobacco in the third quarter valued at about $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 purchasing an additional 554,491 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BTI has been the subject of several recent analyst reports. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Stock Performance

NYSE:BTI opened at $37.80 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $37.90 and a two-hundred day moving average price of $37.06. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company has a market capitalization of $78.38 billion, a P/E ratio of 7.76 and a beta of 0.53.

British American Tobacco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.82%. British American Tobacco’s dividend payout ratio (DPR) is presently 59.14%.

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.