Cullen Capital Management LLC Sells 50,517 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Cullen Capital Management LLC lowered its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,180,659 shares of the company’s stock after selling 50,517 shares during the period. Cullen Capital Management LLC owned about 0.06% of British American Tobacco worth $42,882,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound View Wealth Advisors Group LLC raised its stake in British American Tobacco by 3.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company’s stock worth $323,000 after acquiring an additional 258 shares in the last quarter. Stokes Family Office LLC increased its position in British American Tobacco by 1.9% during the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company’s stock worth $534,000 after purchasing an additional 269 shares in the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock valued at $547,000 after purchasing an additional 295 shares during the last quarter. ORG Partners LLC boosted its position in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of British American Tobacco by 17.0% during the fourth quarter. Harbour Investments Inc. now owns 2,095 shares of the company’s stock worth $76,000 after buying an additional 305 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $39.99 on Friday. The stock has a market cap of $82.84 billion, a price-to-earnings ratio of 8.21 and a beta of 0.38. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The company’s fifty day moving average is $40.27 and its 200 day moving average is $37.72. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

British American Tobacco Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders 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 dividend payout ratio (DPR) is presently 60.57%.

Analyst Ratings Changes

BTI has been the topic of several recent research reports. UBS Group raised 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.

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.