Commonwealth Equity Services LLC Has $11.61 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

Commonwealth Equity Services LLC trimmed its stake in British American Tobacco p.l.c. (NYSE:BTI) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 319,603 shares of the company’s stock after selling 14,111 shares during the period. Commonwealth Equity Services LLC’s holdings in British American Tobacco were worth $11,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BTI. SG Americas Securities LLC grew its holdings in British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after acquiring an additional 14,432 shares during the period. QRG Capital Management Inc. grew its holdings in British American Tobacco by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company’s stock worth $7,121,000 after acquiring an additional 17,478 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after acquiring an additional 26,863 shares during the period. Cerity Partners LLC grew its holdings in British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after acquiring an additional 31,250 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 acquiring an additional 554,491 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BTI. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $41.25 on Wednesday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.74. The stock has a market cap of $85.44 billion, a price-to-earnings ratio of 8.47 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm’s 50-day simple moving average is $39.09 and its 200 day simple moving average is $37.50.

British American Tobacco Announces Dividend

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

British American Tobacco Profile

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.