First Bank & Trust Lowers Holdings in British American Tobacco p.l.c. (NYSE:BTI)

First Bank & Trust lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 35.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,537 shares of the company’s stock after selling 16,257 shares during the period. First Bank & Trust’s holdings in British American Tobacco were worth $1,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after purchasing an additional 54,555 shares in the last quarter. SG Americas Securities LLC raised its stake in British American Tobacco by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after buying an additional 14,432 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after buying an additional 26,863 shares during the period. Cerity Partners LLC increased its holdings in shares of British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after acquiring an additional 31,250 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after purchasing an additional 554,491 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on BTI. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Stock Up 0.7 %

Shares of BTI stock opened at $38.41 on Thursday. The stock’s fifty day moving average price is $37.87 and its 200 day moving average price is $37.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74.

British American Tobacco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, December 30th will be issued a dividend of $0.7391 per share. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 annualized dividend and a dividend yield of 7.70%.

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.