Bank of America Corp DE Reduces Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Bank of America Corp DE cut its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,528,991 shares of the company's stock after selling 1,088,228 shares during the quarter. Bank of America Corp DE owned about 0.17% of British American Tobacco worth $128,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound View Wealth Advisors Group LLC grew its position in shares of British American Tobacco by 3.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock valued at $323,000 after purchasing an additional 258 shares in the last quarter. Keystone Financial Group increased its stake in British American Tobacco by 1.5% in the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock worth $643,000 after acquiring an additional 267 shares during the last quarter. Stokes Family Office LLC raised its holdings in shares of British American Tobacco by 1.9% in the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after acquiring an additional 269 shares in the last quarter. Key Client Fiduciary Advisors LLC boosted its position in shares of British American Tobacco by 2.0% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock valued at $547,000 after acquiring an additional 295 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in shares of 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 purchasing an additional 299 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $41.64 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 52-week low of $30.01 and a 52-week high of $44.78. The company has a fifty day moving average of $41.57 and a 200-day moving average of $38.84. The stock has a market capitalization of $86.18 billion, a price-to-earnings ratio of 8.55 and a beta of 0.32.

British American Tobacco Announces Dividend

The business 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 is currently 60.57%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Finally, Bank of America started coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, British American Tobacco presently has an average rating of "Moderate Buy" and an average target price of $33.00.

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.

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