Gradient Investments LLC raised its holdings in British American Tobacco PLC (NYSE:BTI) by 27.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 24,579 shares of the company’s stock after buying an additional 5,303 shares during the period. Gradient Investments LLC’s holdings in British American Tobacco were worth $1,647,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. National Asset Management Inc. boosted its holdings in shares of British American Tobacco by 1.2% in the second quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock valued at $246,000 after acquiring an additional 44 shares in the last quarter. Keystone Financial Planning Inc. lifted its holdings in shares of British American Tobacco by 0.7% in the fourth quarter. Keystone Financial Planning Inc. now owns 125,332 shares of the company’s stock valued at $8,396,000 after purchasing an additional 910 shares in the last quarter. Cadence Bank NA lifted its holdings in shares of British American Tobacco by 31.3% in the third quarter. Cadence Bank NA now owns 3,872 shares of the company’s stock valued at $242,000 after purchasing an additional 923 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its holdings in shares of British American Tobacco by 1.7% in the fourth quarter. Asset Planning Services Inc. LA ADV now owns 57,790 shares of the company’s stock valued at $3,871,000 after purchasing an additional 950 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of British American Tobacco by 15.6% in the third quarter. Eagle Asset Management Inc. now owns 7,198 shares of the company’s stock valued at $449,000 after buying an additional 973 shares during the last quarter. 9.57% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco PLC (BTI) opened at $61.15 on Monday. British American Tobacco PLC has a 12-month low of $60.15 and a 12-month high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91.

The company also recently announced a None dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Friday, December 29th will be issued a $0.581 dividend. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, December 28th.

BTI has been the subject of several research analyst reports. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Wednesday, December 6th. Jefferies Group set a $78.00 price objective on shares of British American Tobacco and gave the stock a “buy” rating in a research report on Saturday, November 18th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.00.

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British American Tobacco Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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