British American Tobacco p.l.c. (NYSE:BTI) Stake Lessened by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,462 shares of the company’s stock after selling 5,156 shares during the period. Avantax Advisory Services Inc.’s holdings in British American Tobacco were worth $2,559,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in shares of British American Tobacco by 17.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,127 shares of the company’s stock valued at $114,000 after purchasing an additional 464 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of British American Tobacco by 18.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 13,518 shares of the company’s stock valued at $491,000 after purchasing an additional 2,059 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of British American Tobacco by 5.5% in the fourth quarter. HighTower Advisors LLC now owns 189,961 shares of the company’s stock valued at $6,899,000 after purchasing an additional 9,858 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of British American Tobacco by 0.4% in the fourth quarter. Moors & Cabot Inc. now owns 81,858 shares of the company’s stock valued at $2,973,000 after purchasing an additional 321 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of British American Tobacco by 9.0% during the fourth quarter. Independent Advisor Alliance now owns 19,551 shares of the company’s stock worth $710,000 after acquiring an additional 1,614 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.0 %

British American Tobacco stock opened at $41.40 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market capitalization of $85.85 billion, a price-to-earnings ratio of 8.50 and a beta of 0.50. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The company’s fifty day moving average price is $38.90 and its two-hundred day moving average price is $37.44.

British American Tobacco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BTI shares. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

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.