Congress Wealth Management LLC DE Purchases New Position in British American Tobacco p.l.c. (NYSE:BTI)

Congress Wealth Management LLC DE acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,845 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its holdings in shares of British American Tobacco by 45.3% during the 4th 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 last quarter. QRG Capital Management Inc. grew its holdings in British American Tobacco by 9.8% during the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock valued at $7,121,000 after purchasing an additional 17,478 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of British American Tobacco by 25.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after purchasing an additional 26,863 shares during the period. Cerity Partners LLC lifted its stake 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 worth $2,419,000 after buying an additional 31,250 shares during the last quarter. Finally, Edmp Inc. acquired a new position in British American Tobacco in the 4th quarter valued at $219,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BTI has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. 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 Stock Performance

NYSE BTI opened at $40.53 on Monday. The company’s fifty day moving average is $39.86 and its two-hundred day moving average is $37.64. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-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 $83.94 billion, a price-to-earnings ratio of 8.32 and a beta of 0.50.

British American Tobacco Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 12th. Investors 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 60.57%.

British American Tobacco Company 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.