British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by Viking Fund Management LLC

Viking Fund Management LLC increased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 10.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 176,800 shares of the company’s stock after buying an additional 16,000 shares during the period. Viking Fund Management LLC’s holdings in British American Tobacco were worth $5,178,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cyndeo Wealth Partners LLC boosted its stake in British American Tobacco by 2.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 12,608 shares of the company’s stock valued at $396,000 after purchasing an additional 327 shares during the period. Rhumbline Advisers boosted its stake in British American Tobacco by 27.7% during the 3rd quarter. Rhumbline Advisers now owns 1,521 shares of the company’s stock valued at $48,000 after purchasing an additional 330 shares during the period. Atria Wealth Solutions Inc. boosted its stake in British American Tobacco by 1.6% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 23,906 shares of the company’s stock valued at $759,000 after purchasing an additional 382 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in British American Tobacco by 7.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,883 shares of the company’s stock valued at $195,000 after purchasing an additional 432 shares during the period. Finally, First Manhattan Co. lifted its stake in shares of British American Tobacco by 10.8% in the 4th quarter. First Manhattan Co. now owns 4,487 shares of the company’s stock worth $179,000 after acquiring an additional 437 shares during the period. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of NYSE BTI traded down $0.17 during midday trading on Tuesday, reaching $29.88. The company’s stock had a trading volume of 3,599,692 shares, compared to its average volume of 4,986,084. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average price of $30.08 and a 200 day moving average price of $30.56. British American Tobacco p.l.c. has a one year low of $28.35 and a one year high of $37.65.

British American Tobacco Dividend Announcement

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 $0.7431 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.97 dividend on an annualized basis and a dividend yield of 9.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th.

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.