Beverly Hills Private Wealth LLC Sells 7,171 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Beverly Hills Private Wealth LLC reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 50.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,016 shares of the company's stock after selling 7,171 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in British American Tobacco were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BTI. SRS Capital Advisors Inc. grew its position in shares of British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after buying an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of British American Tobacco in the 4th quarter valued at $27,000. Versant Capital Management Inc acquired a new position in British American Tobacco during the fourth quarter worth $34,000. Cullen Frost Bankers Inc. increased its position in shares of British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Down 3.8 %

NYSE BTI traded down $1.66 during trading hours on Friday, hitting $41.64. 8,279,460 shares of the company traded hands, compared to its average volume of 4,784,540. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The business's 50-day moving average is $41.57 and its 200-day moving average is $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 p.l.c. has a twelve month low of $30.01 and a twelve month high of $44.78.

British American Tobacco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Investors 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 currently 60.57%.

Analysts Set New Price Targets

A number of brokerages recently commented on BTI. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Bank of America started coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating for the company. Finally, UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. One equities research 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 stock. According to data from MarketBeat, British American Tobacco presently has a consensus rating of "Moderate Buy" and an average price target 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.