British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,381 shares of the company's stock after selling 38,108 shares during the period. Cetera Investment Advisers' holdings in British American Tobacco were worth $6,370,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC boosted its holdings in 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 valued at $323,000 after acquiring an additional 258 shares during the last quarter. 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 worth $643,000 after purchasing an additional 267 shares during the period. Stokes Family Office LLC increased its position in shares of British American Tobacco by 1.9% in the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock worth $534,000 after acquiring an additional 269 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock valued at $547,000 after purchasing an additional 295 shares in the last quarter. Finally, ORG Partners LLC lifted its stake 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. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analyst Ratings Changes

Several brokerages recently 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 report on Monday, February 17th. Finally, Bank of America began coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, British American Tobacco presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

British American Tobacco Stock Up 3.0%

NYSE BTI traded up $1.25 during mid-day trading on Friday, reaching $42.62. 8,713,327 shares of the company's stock traded hands, compared to its average volume of 4,889,407. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 1-year low of $30.01 and a 1-year high of $44.78. The company has a fifty day simple moving average of $41.62 and a 200-day simple moving average of $38.99. The company has a market cap of $88.20 billion, a price-to-earnings ratio of 8.75 and a beta of 0.32.

British American Tobacco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be paid a $0.7391 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.94%. British American Tobacco's dividend payout ratio (DPR) is presently 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.