Assetmark Inc. Sells 15,928 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Assetmark Inc. lessened its position in British American Tobacco p.l.c. (NYSE:BTI) by 9.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 154,234 shares of the company’s stock after selling 15,928 shares during the period. Assetmark Inc.’s holdings in British American Tobacco were worth $5,602,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BTI. FMR LLC raised its holdings in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after purchasing an additional 2,868,675 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of British American Tobacco during the fourth quarter valued at approximately $31,480,000. Public Employees Retirement System of Ohio purchased a new position in shares of British American Tobacco during the third quarter valued at approximately $28,183,000. Bridgewater Associates LP purchased a new position in shares of British American Tobacco during the third quarter valued at approximately $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $40.86 on Friday. The firm has a fifty day moving average price of $38.43 and a 200-day moving average price of $37.28. 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 stock has a market cap of $84.74 billion, a PE ratio of 8.39 and a beta of 0.50. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74.

British American Tobacco Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be paid a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analysts Forecast Growth

BTI has been the subject of several research reports. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com raised shares of 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.