AMG National Trust Bank Trims Stake in British American Tobacco p.l.c. (NYSE:BTI)

AMG National Trust Bank lessened its stake in British American Tobacco p.l.c. (NYSE:BTI) by 28.8% during the 4th quarter, HoldingsChannel reports. The firm owned 60,029 shares of the company’s stock after selling 24,252 shares during the quarter. AMG National Trust Bank’s holdings in British American Tobacco were worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC raised its position in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after acquiring an additional 206,117 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of British American Tobacco during the 4th quarter worth about $55,620,000. ABC Arbitrage SA acquired a new stake in shares of British American Tobacco during the 4th quarter valued at about $31,480,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of British American Tobacco in the 3rd quarter valued at about $28,183,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Up 1.7 %

Shares of British American Tobacco stock opened at $40.86 on Friday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $42.74. The firm’s 50-day moving average price is $38.43 and its 200 day moving average price is $37.28. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $84.74 billion, a PE ratio of 8.39 and a beta of 0.50.

British American Tobacco Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on BTI. UBS Group raised 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 research note on Monday, February 17th.

British American Tobacco Company 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.