Envestnet Asset Management Inc. Cuts Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Envestnet Asset Management Inc. reduced its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 38.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,404,552 shares of the company's stock after selling 882,760 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of British American Tobacco worth $51,013,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its stake in British American Tobacco by 294.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco during the 4th quarter valued at about $27,000. Versant Capital Management Inc acquired a new position in shares of British American Tobacco in the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. raised its position 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 worth $40,000 after buying an additional 846 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after purchasing an additional 299 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on BTI shares. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th.

British American Tobacco Trading Down 0.5 %

Shares of BTI stock traded down $0.21 on Wednesday, hitting $42.11. The stock had a trading volume of 1,836,479 shares, compared to its average volume of 5,043,748. The company's 50 day moving average price is $40.37 and its 200-day moving average price is $37.90. The firm has a market capitalization of $87.16 billion, a P/E ratio of 8.65 and a beta of 0.38. 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 1 year low of $28.42 and a 1 year high of $42.74.

British American Tobacco Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) 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.