Invesco Ltd. Cuts Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Invesco Ltd. lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 903,301 shares of the company's stock after selling 21,177 shares during the period. Invesco Ltd.'s holdings in British American Tobacco were worth $32,808,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can grew its position in British American Tobacco by 2,565.4% during the fourth quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock valued at $75,521,000 after buying an additional 2,001,311 shares during the period. Certior Financial Group LLC purchased a new stake in shares of British American Tobacco in the 4th quarter worth $269,000. FMR LLC raised its holdings in British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after purchasing an additional 3,127,046 shares during the period. Quadrant Capital Group LLC increased its position in British American Tobacco by 6.5% in the fourth quarter. Quadrant Capital Group LLC now owns 13,165 shares of the company's stock worth $479,000 after buying an additional 802 shares in the last quarter. Finally, Ted Buchan & Co raised its stake in shares of British American Tobacco by 9.6% in the fourth quarter. Ted Buchan & Co now owns 20,273 shares of the company's stock worth $736,000 after buying an additional 1,769 shares during the period. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a 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.

British American Tobacco Trading Down 1.3 %

BTI traded down $0.56 during trading hours on Wednesday, reaching $42.24. 1,796,142 shares of the company's stock traded hands, compared to its average volume of 5,106,455. 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 firm has a 50-day moving average price of $40.43 and a 200 day moving average price of $38.12. British American Tobacco p.l.c. has a 52-week low of $29.08 and a 52-week high of $43.12. The firm has a market capitalization of $87.42 billion, a PE ratio of 8.67 and a beta of 0.38.

British American Tobacco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued 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%.

About British American Tobacco

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.