International Assets Investment Management LLC Makes New $25.66 Million Investment in British American Tobacco p.l.c. (NYSE:BTI)

International Assets Investment Management LLC purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 87,606 shares of the company’s stock, valued at approximately $25,660,000.

Several other hedge funds also recently modified their holdings of the stock. CoreFirst Bank & Trust boosted its position in British American Tobacco by 297.1% during the third quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock valued at $30,000 after purchasing an additional 707 shares during the last quarter. Central Bank & Trust Co. acquired a new stake in British American Tobacco in the fourth quarter valued at $34,000. BKM Wealth Management LLC acquired a new position in shares of British American Tobacco during the 4th quarter worth about $35,000. Planned Solutions Inc. bought a new stake in shares of British American Tobacco in the 4th quarter valued at about $40,000. Finally, Arlington Trust Co LLC acquired a new stake in British American Tobacco in the 4th quarter valued at about $147,000. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $29.81 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59. The business’s 50 day moving average price is $29.79 and its two-hundred day moving average price is $30.10. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $35.92.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be issued a dividend of $0.7431 per share. This represents a $2.97 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date is Friday, December 20th.

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.