British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Causeway Capital Management LLC

Causeway Capital Management LLC trimmed its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 629,912 shares of the company's stock after selling 124,989 shares during the quarter. Causeway Capital Management LLC's holdings in British American Tobacco were worth $22,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. SRS Capital Advisors Inc. grew its holdings in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after acquiring an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of British American Tobacco during the 4th quarter worth $27,000. Versant Capital Management Inc acquired a new stake in British American Tobacco in the 4th quarter valued at about $34,000. Cullen Frost Bankers Inc. increased its holdings in British American Tobacco by 334.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock valued at $40,000 after acquiring an additional 846 shares in the last quarter. Finally, ORG Partners LLC raised its position in 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 acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BTI. 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.

British American Tobacco Trading Up 1.2 %

Shares of BTI stock traded up $0.50 on Friday, reaching $42.33. 4,744,458 shares of the stock were exchanged, compared to its average volume of 4,675,517. British American Tobacco p.l.c. has a 1-year low of $28.64 and a 1-year high of $42.74. The stock has a market cap of $87.61 billion, a P/E ratio of 8.69 and a beta of 0.38. 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 of $40.37 and a two-hundred day moving average of $38.01.

British American Tobacco Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be paid a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio is currently 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.