British American Tobacco p.l.c. $BTI is Investment Management Associates Inc. ADV’s 4th Largest Position

Investment Management Associates Inc. ADV reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 453,806 shares of the company’s stock after selling 119,786 shares during the period. British American Tobacco makes up approximately 7.1% of Investment Management Associates Inc. ADV’s investment portfolio, making the stock its 4th biggest position. Investment Management Associates Inc. ADV’s holdings in British American Tobacco were worth $25,695,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its position in shares of British American Tobacco by 141.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after purchasing an additional 346 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of British American Tobacco during the second quarter worth about $30,000. Binnacle Investments Inc lifted its position in shares of British American Tobacco by 163.2% during the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after purchasing an additional 465 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of British American Tobacco during the fourth quarter worth about $42,000. Finally, Westside Investment Management Inc. lifted its position in shares of British American Tobacco by 100.0% during the third quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after purchasing an additional 391 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.3%

Shares of NYSE BTI opened at $58.28 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The firm’s 50-day moving average price is $58.70 and its two-hundred day moving average price is $57.53. British American Tobacco p.l.c. has a 52-week low of $40.12 and a 52-week high of $63.22.

British American Tobacco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be issued a $0.8349 dividend. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $3.34 dividend on an annualized basis and a yield of 5.7%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BTI shares. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.