Commonwealth Equity Services LLC lowered its stake in shares of British American Tobacco PLC (NYSE:BTI) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,178 shares of the company’s stock after selling 2,999 shares during the period. Commonwealth Equity Services LLC’s holdings in British American Tobacco were worth $1,981,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its holdings in British American Tobacco by 3.1% in the fourth quarter. Cerity Partners LLC now owns 11,487 shares of the company’s stock valued at $366,000 after acquiring an additional 345 shares during the last quarter. Moody National Bank Trust Division increased its position in British American Tobacco by 1.8% during the 4th quarter. Moody National Bank Trust Division now owns 27,546 shares of the company’s stock worth $878,000 after purchasing an additional 478 shares in the last quarter. Advisor Partners LLC increased its position in British American Tobacco by 9.0% during the 4th quarter. Advisor Partners LLC now owns 7,224 shares of the company’s stock worth $230,000 after purchasing an additional 599 shares in the last quarter. Valeo Financial Advisors LLC increased its position in British American Tobacco by 16.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 8,002 shares of the company’s stock worth $255,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in British American Tobacco by 12.7% in the 4th quarter. Fisher Asset Management LLC now owns 10,317 shares of the company’s stock valued at $329,000 after acquiring an additional 1,166 shares during the period. 6.32% of the stock is currently owned by institutional investors.
Shares of British American Tobacco stock opened at $39.43 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66. The firm has a market cap of $85.75 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.40 and a beta of 0.85. British American Tobacco PLC has a 12-month low of $30.67 and a 12-month high of $60.81.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.6745 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Thursday, March 21st. British American Tobacco’s dividend payout ratio (DPR) is presently 68.21%.
A number of equities research analysts have recently commented on BTI shares. Zacks Investment Research lowered shares of British American Tobacco from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Royal Bank of Canada raised shares of British American Tobacco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, November 29th. Cowen lowered shares of British American Tobacco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Finally, Piper Jaffray Companies upgraded shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.00.
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British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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