British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 17.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,176 shares of the company’s stock after selling 1,307 shares during the quarter. Stonegate Investment Group LLC’s holdings in British American Tobacco were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BTI. Capital International Investors lifted its holdings in shares of British American Tobacco by 17.1% during the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company’s stock worth $1,411,179,000 after purchasing an additional 5,673,619 shares during the period. FMR LLC lifted its holdings in shares of British American Tobacco by 44.0% during the fourth quarter. FMR LLC now owns 10,232,402 shares of the company’s stock worth $371,641,000 after purchasing an additional 3,127,046 shares during the period. Bank of Montreal Can lifted its holdings in shares of British American Tobacco by 2,565.4% during the fourth quarter. Bank of Montreal Can now owns 2,079,322 shares of the company’s stock worth $75,521,000 after purchasing an additional 2,001,311 shares during the period. Bridgewater Associates LP lifted its holdings in shares of British American Tobacco by 261.7% during the fourth quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company’s stock worth $97,388,000 after purchasing an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of British American Tobacco during the fourth quarter worth about $55,620,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays reissued an “overweight” rating on shares of British American Tobacco in a report on Friday, June 13th. Bank of America assumed coverage on British American Tobacco in a report on Wednesday, April 30th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

British American Tobacco Trading Down 1.0%

Shares of NYSE:BTI opened at $48.85 on Monday. British American Tobacco p.l.c. has a 12-month low of $30.81 and a 12-month high of $49.58. The company has a market capitalization of $100.88 billion, a PE ratio of 10.03, a PEG ratio of 4.11 and a beta of 0.31. The business has a 50 day moving average of $44.61 and a two-hundred day moving average of $40.88. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65.

British American Tobacco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be given a $0.7391 dividend. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco’s dividend payout ratio (DPR) is presently 65.09%.

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.