Ballentine Partners LLC Purchases 445 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Ballentine Partners LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,298 shares of the company’s stock after buying an additional 445 shares during the period. Ballentine Partners LLC’s holdings in British American Tobacco were worth $509,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its position in British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after buying an additional 280 shares during the last quarter. Golden State Wealth Management LLC boosted its position in British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after buying an additional 305 shares during the last quarter. Ameriflex Group Inc. bought a new position in British American Tobacco in the 4th quarter valued at $26,000. Financial Management Professionals Inc. boosted its position in British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after buying an additional 278 shares during the last quarter. Finally, Mather Group LLC. boosted its position in British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after buying an additional 480 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BTI. Jefferies Financial Group began coverage on British American Tobacco in a research note on Wednesday, July 9th. They issued a “buy” rating on the stock. Barclays reissued an “overweight” rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America began coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a “buy” rating on the stock. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, July 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $51.37 on Tuesday. The company has a market capitalization of $105.97 billion, a PE ratio of 10.55, a PEG ratio of 4.71 and a beta of 0.33. British American Tobacco p.l.c. has a 12 month low of $31.92 and a 12 month high of $51.89. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $46.51 and its 200 day simple moving average is $42.18.

British American Tobacco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be paid a dividend of $0.7391 per share. This represents a yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s payout ratio is presently 60.78%.

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.