Benjamin Edwards Inc. Sells 15,220 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Benjamin Edwards Inc. reduced its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 51.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,500 shares of the company's stock after selling 15,220 shares during the quarter. Benjamin Edwards Inc.'s holdings in British American Tobacco were worth $527,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC increased its position in shares of British American Tobacco by 3.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock worth $323,000 after purchasing an additional 258 shares during the period. Keystone Financial Group grew its holdings in shares of British American Tobacco by 1.5% during the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after purchasing an additional 267 shares during the last quarter. Stokes Family Office LLC grew its stake in shares of British American Tobacco by 1.9% during the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock worth $534,000 after buying an additional 269 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its stake in shares of British American Tobacco by 2.0% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock worth $547,000 after buying an additional 295 shares during the last quarter. Finally, ORG Partners LLC grew its position in British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after acquiring an additional 299 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BTI has been the topic of several research reports. UBS Group upgraded 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. Finally, Bank of America initiated coverage on British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, British American Tobacco presently has an average rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Trading Down 0.6%

Shares of British American Tobacco stock traded down $0.23 on Tuesday, reaching $40.75. 10,421,720 shares of the company's stock were exchanged, compared to its average volume of 4,811,459. The company has a market capitalization of $84.34 billion, a P/E ratio of 8.37 and a beta of 0.32. British American Tobacco p.l.c. has a 52 week low of $30.01 and a 52 week high of $44.78. The firm's 50-day moving average is $41.60 and its two-hundred day moving average is $38.92. 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 Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, May 12th. Investors of record on Friday, March 28th were issued a $0.7491 dividend. The ex-dividend date was Friday, March 28th. British American Tobacco's dividend payout ratio is currently 60.57%.

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.