British American Tobacco (NYSE:BTI) Downgraded by StockNews.com

StockNews.com downgraded shares of British American Tobacco (NYSE:BTI) from a buy rating to a hold rating in a report published on Monday.

British American Tobacco Price Performance

NYSE BTI opened at $30.16 on Monday. The firm’s 50 day moving average price is $29.77 and its two-hundred day moving average price is $30.09. British American Tobacco has a twelve month low of $28.25 and a twelve month high of $35.61. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be given a dividend of $0.7431 per share. The ex-dividend date is Friday, December 20th. This represents a $2.97 dividend on an annualized basis and a yield of 9.86%.

Hedge Funds Weigh In On British American Tobacco

Large investors have recently made changes to their positions in the business. Heritage Wealth Advisors purchased a new position in British American Tobacco during the fourth quarter valued at approximately $26,000. 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 valued at $28,000 after buying an additional 710 shares during the period. HBC Financial Services PLLC purchased a new position in shares of British American Tobacco during the 4th quarter valued at $29,000. CoreFirst Bank & Trust increased its stake in shares of British American Tobacco by 297.1% in the third quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after acquiring an additional 707 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its holdings in shares of British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

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.