Commonwealth Equity Services LLC Sells 14,111 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Commonwealth Equity Services LLC decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 319,603 shares of the company’s stock after selling 14,111 shares during the quarter. Commonwealth Equity Services LLC’s holdings in British American Tobacco were worth $11,608,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BTI. SRS Capital Advisors Inc. increased its stake in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after buying an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco in the 4th quarter valued at about $27,000. Versant Capital Management Inc purchased a new stake in British American Tobacco in the 4th quarter valued at about $34,000. Cullen Frost Bankers Inc. increased its stake in British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after buying an additional 846 shares during the last quarter. Finally, ORG Partners LLC increased its stake in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Down 1.4 %

Shares of NYSE BTI opened at $41.25 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $85.44 billion, a PE ratio of 8.47 and a beta of 0.50. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The business’s fifty day moving average price is $39.09 and its 200-day moving average price is $37.50.

British American Tobacco Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders 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 payout ratio is 60.57%.

Wall Street Analysts Forecast Growth

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

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.