Dimensional Fund Advisors LP Has $24.62 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

Dimensional Fund Advisors LP decreased its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,998 shares of the company's stock after selling 161,032 shares during the period. Dimensional Fund Advisors LP's holdings in British American Tobacco were worth $24,622,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sound View Wealth Advisors Group LLC grew its holdings in British American Tobacco by 3.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock worth $323,000 after acquiring an additional 258 shares during the period. Keystone Financial Group grew its holdings in shares of British American Tobacco by 1.5% in the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after buying an additional 267 shares during the period. Stokes Family Office LLC grew its holdings in shares of British American Tobacco by 1.9% in the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after buying an additional 269 shares during the period. Key Client Fiduciary Advisors LLC grew its holdings in shares of 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 buying an additional 295 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after buying an additional 299 shares during the period. Institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Down 1.5%

NYSE:BTI traded down $0.62 on Monday, hitting $41.02. 1,820,578 shares of the company's stock were exchanged, compared to its average volume of 4,775,367. The firm has a 50-day moving average price of $41.57 and a 200-day moving average price of $38.87. 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 52 week low of $30.01 and a 52 week high of $44.78. The company has a market cap of $84.90 billion, a P/E ratio of 8.41 and a beta of 0.32.

British American Tobacco Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BTI shares. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. Bank of America started coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. Finally, StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, British American Tobacco has a consensus rating of "Moderate Buy" and a consensus price target 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.