Tdam USA Inc. reduced its stake in shares of British American Tobacco PLC (NYSE:BTI) by 5.4% in the 1st quarter, Holdings Channel reports. The firm owned 119,270 shares of the company’s stock after selling 6,765 shares during the quarter. Tdam USA Inc.’s holdings in British American Tobacco were worth $4,976,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. WP Advisors LLC bought a new position in shares of British American Tobacco in the 1st quarter worth about $26,000. Lenox Wealth Management Inc. raised its position in shares of British American Tobacco by 153.3% in the 1st quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock worth $32,000 after acquiring an additional 469 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of British American Tobacco by 141.7% in the 1st quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock worth $36,000 after acquiring an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of British American Tobacco by 90.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,146 shares of the company’s stock worth $37,000 after acquiring an additional 545 shares in the last quarter. Finally, Bremer Trust National Association bought a new position in shares of British American Tobacco in the 4th quarter worth about $38,000. 6.48% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on BTI. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Citigroup raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Thursday, March 28th. Finally, Piper Jaffray Companies raised British American Tobacco from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Shares of BTI stock traded up $0.23 during mid-day trading on Monday, hitting $37.82. The company’s stock had a trading volume of 16,674 shares, compared to its average volume of 1,545,572. British American Tobacco PLC has a 52 week low of $30.67 and a 52 week high of $55.77. 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 $80.10 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, March 22nd were given a $0.6745 dividend. This represents a $2.70 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend was Thursday, March 21st. British American Tobacco’s dividend payout ratio (DPR) is presently 66.16%.

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British American Tobacco 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, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

See Also: Dividend Aristocrat Index

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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