Gallacher Capital Management LLC Purchases 1,317 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Gallacher Capital Management LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 14.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,698 shares of the company’s stock after purchasing an additional 1,317 shares during the period. Gallacher Capital Management LLC’s holdings in British American Tobacco were worth $313,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in shares of British American Tobacco by 308.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after acquiring an additional 710 shares during the period. HBC Financial Services PLLC bought a new position in shares of British American Tobacco in the fourth quarter valued at about $29,000. CoreFirst Bank & Trust lifted its stake in shares of British American Tobacco by 297.1% during the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after buying an additional 707 shares during the last quarter. Central Bank & Trust Co. bought a new stake in shares of British American Tobacco during the 4th quarter worth about $34,000. Finally, GAMMA Investing LLC acquired a new position in British American Tobacco in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

BTI stock traded up $0.14 during mid-day trading on Monday, hitting $29.95. 2,384,623 shares of the company were exchanged, compared to its average volume of 4,936,832. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $35.85. The business has a 50 day simple moving average of $29.78 and a 200-day simple moving average of $30.09.

British American Tobacco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders 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 9.92%. The ex-dividend date is Friday, December 20th.

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.