Glenorchy Capital Ltd Acquires Shares of 9,473 British American Tobacco p.l.c. (NYSE:BTI)

Glenorchy Capital Ltd acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, HoldingsChannel reports. The fund acquired 9,473 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in shares of British American Tobacco by 5.8% in the third quarter. Stifel Financial Corp now owns 554,070 shares of the company’s stock worth $17,403,000 after buying an additional 30,238 shares in the last quarter. SG Americas Securities LLC increased its position in British American Tobacco by 1,466.5% during the fourth quarter. SG Americas Securities LLC now owns 98,812 shares of the company’s stock worth $2,894,000 after purchasing an additional 92,504 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in British American Tobacco during the third quarter worth about $4,036,000. Belpointe Asset Management LLC acquired a new stake in British American Tobacco during the third quarter worth about $1,487,000. Finally, ICICI Prudential Asset Management Co Ltd increased its position in British American Tobacco by 40.1% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company’s stock worth $40,834,000 after purchasing an additional 399,359 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

British American Tobacco stock traded up $0.14 during midday trading on Tuesday, hitting $29.56. 4,166,780 shares of the stock were exchanged, compared to its average volume of 4,974,902. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $37.65. The stock’s 50-day simple moving average is $29.92 and its 200 day simple moving average is $30.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59.

British American Tobacco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be given a dividend of $0.7431 per share. This represents a $2.97 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date is Friday, December 20th.

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.