British American Tobacco p.l.c. (NYSE:BTI) Stake Lessened by Smith Moore & CO.

Smith Moore & CO. trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,616 shares of the company’s stock after selling 800 shares during the period. Smith Moore & CO.’s holdings in British American Tobacco were worth $858,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BTI. SRS Capital Advisors Inc. lifted its position in shares of British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco in the 4th quarter worth approximately $27,000. Versant Capital Management Inc acquired a new stake in shares of British American Tobacco during the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. increased its stake in shares of British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after acquiring an additional 846 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after acquiring an additional 299 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BTI has been the topic of several research reports. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Price Performance

NYSE BTI opened at $39.99 on Friday. 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’s 50-day moving average is $40.27 and its two-hundred day moving average is $37.72. The firm has a market cap of $82.84 billion, a P/E ratio of 8.21 and a beta of 0.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58.

British American Tobacco Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco’s dividend payout ratio (DPR) is currently 60.57%.

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.