Wintergreen Advisers LLC reduced its holdings in British American Tobacco PLC (NYSE:BTI) by 74.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 248,333 shares of the company’s stock after selling 736,847 shares during the period. British American Tobacco accounts for about 10.3% of Wintergreen Advisers LLC’s portfolio, making the stock its 4th largest holding. Wintergreen Advisers LLC’s holdings in British American Tobacco were worth $16,636,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Atria Investments LLC grew its position in shares of British American Tobacco by 82.9% in the 4th quarter. Atria Investments LLC now owns 10,090 shares of the company’s stock valued at $676,000 after acquiring an additional 4,572 shares during the period. K2 Principal Fund L.P. bought a new position in shares of British American Tobacco in the 3rd quarter valued at about $1,249,000. Vontobel Asset Management Inc. grew its position in shares of British American Tobacco by 28.1% in the 4th quarter. Vontobel Asset Management Inc. now owns 1,282,336 shares of the company’s stock valued at $85,905,000 after acquiring an additional 281,543 shares during the period. Commonwealth Bank of Australia bought a new position in shares of British American Tobacco in the 3rd quarter valued at about $1,221,000. Finally, Security National Trust Co. bought a new position in shares of British American Tobacco in the 3rd quarter valued at about $530,000. Hedge funds and other institutional investors own 9.09% of the company’s stock.
A number of research analysts have recently commented on BTI shares. Citigroup downgraded shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 28th. Zacks Investment Research downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. British American Tobacco has an average rating of “Buy” and a consensus target price of $79.00.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, October 5th will be issued a dividend of $0.6792 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, October 4th.
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About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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