Financial Counselors Inc. Reduces Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Financial Counselors Inc. lessened its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,471 shares of the company’s stock after selling 6,593 shares during the period. Financial Counselors Inc.’s holdings in British American Tobacco were worth $6,627,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. grew its holdings in British American Tobacco by 294.9% during 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 shares of British American Tobacco in the fourth quarter valued at $27,000. Versant Capital Management Inc purchased a new stake in British American Tobacco during the 4th quarter worth about $34,000. Cullen Frost Bankers Inc. raised 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 purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings 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 purchasing an additional 299 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on BTI shares. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

British American Tobacco Trading Up 0.3 %

BTI stock opened at $40.84 on Thursday. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $42.74. The company has a market cap of $84.59 billion, a price-to-earnings ratio of 8.39 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. The business has a fifty day simple moving average of $39.67 and a 200-day simple moving average of $37.62.

British American Tobacco Announces Dividend

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

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.