Avantax Advisory Services Inc. Has $2.56 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Avantax Advisory Services Inc. reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,462 shares of the company’s stock after selling 5,156 shares during the quarter. Avantax Advisory Services Inc.’s holdings in British American Tobacco were worth $2,559,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. grew 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 valued at $26,000 after purchasing an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at about $27,000. Versant Capital Management Inc acquired a new stake in shares of British American Tobacco in the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. grew its position in British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock worth $40,000 after buying an additional 846 shares in the last quarter. Finally, ORG Partners LLC grew its position in 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 buying an additional 299 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BTI. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

British American Tobacco Stock Up 0.0 %

Shares of BTI opened at $41.40 on Monday. The stock has a market cap of $85.85 billion, a price-to-earnings ratio of 8.50 and a beta of 0.50. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company has a 50-day moving average price of $38.90 and a two-hundred day moving average price of $37.44.

British American Tobacco Dividend Announcement

The firm also recently declared 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 is Friday, March 28th. British American Tobacco’s dividend payout ratio is 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.