Ipswich Investment Management Co. Inc. Has $795,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Ipswich Investment Management Co. Inc. decreased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 2.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,146 shares of the company’s stock after selling 550 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in British American Tobacco were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTI. BlackRock Inc. raised its holdings in British American Tobacco by 11.6% during the 1st quarter. BlackRock Inc. now owns 5,624,861 shares of the company’s stock worth $237,145,000 after purchasing an additional 582,790 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of British American Tobacco by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,290,017 shares of the company’s stock worth $54,387,000 after buying an additional 8,692 shares during the period. Cetera Investment Advisers raised its stake in British American Tobacco by 4.5% during the first quarter. Cetera Investment Advisers now owns 64,394 shares of the company’s stock worth $2,715,000 after buying an additional 2,798 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in British American Tobacco in the first quarter valued at $323,000. Finally, NewEdge Advisors LLC boosted its position in British American Tobacco by 148.7% during the first quarter. NewEdge Advisors LLC now owns 18,870 shares of the company’s stock valued at $795,000 after acquiring an additional 11,283 shares during the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

BTI stock opened at $29.05 on Friday. The firm has a market cap of $71.37 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $29.97 and a 200-day moving average price of $30.16. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $37.65.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders 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 yield of 10.23%. British American Tobacco’s payout ratio is currently 60.79%.

About British American Tobacco

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.