Cresset Asset Management LLC Cuts Stake in British American Tobacco p.l.c. (NYSE:BTI)

Cresset Asset Management LLC decreased its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 69.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,511 shares of the company's stock after selling 35,510 shares during the period. Cresset Asset Management LLC's holdings in British American Tobacco were worth $575,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. grew its stake 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 valued at $26,000 after buying an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in British American Tobacco in the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. raised its position in shares of British American Tobacco by 334.4% during the fourth 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 period. Duncker Streett & Co. Inc. lifted its holdings in shares of British American Tobacco by 43.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock worth $45,000 after purchasing an additional 374 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in British American Tobacco in the 4th quarter valued at $47,000. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 3.0%

Shares of NYSE BTI traded up $1.25 during trading on Friday, hitting $42.62. The stock had a trading volume of 8,713,327 shares, compared to its average volume of 4,901,484. The firm has a fifty day moving average of $41.65 and a two-hundred day moving average of $39.08. The company has a market capitalization of $88.09 billion, a PE ratio of 8.75 and a beta of 0.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 12 month low of $30.01 and a 12 month high of $44.78.

British American Tobacco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, December 30th will be given a $0.7391 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date is Tuesday, December 30th. British American Tobacco's payout ratio is 60.57%.

Wall Street Analyst Weigh In

BTI has been the topic of several research reports. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. Bank of America started coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating on the stock. Finally, StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, British American Tobacco has a consensus rating of "Moderate Buy" and an average target price of $33.00.

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.