49 Wealth Management LLC Purchases New Stake in British American Tobacco p.l.c. (NYSE:BTI)

49 Wealth Management LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,999 shares of the company's stock, valued at approximately $662,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BTI. Rosenberg Matthew Hamilton increased its holdings in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after buying an additional 280 shares during the last quarter. Golden State Wealth Management LLC increased its stake in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after acquiring an additional 305 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in British American Tobacco in the fourth quarter valued at $26,000. Financial Management Professionals Inc. lifted its stake in shares of British American Tobacco by 78.5% in the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after purchasing an additional 480 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of BTI stock opened at $48.65 on Tuesday. The stock's 50-day moving average is $45.84 and its two-hundred day moving average is $41.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76. British American Tobacco p.l.c. has a 1 year low of $31.50 and a 1 year high of $49.58. The firm has a market cap of $100.46 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 4.65 and a beta of 0.33.

British American Tobacco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.7391 per share. The ex-dividend date is Friday, June 27th. This represents a dividend yield of 5.99%. British American Tobacco's dividend payout ratio (DPR) is 60.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday. Bank of America started coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating on the stock. Finally, Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, British American Tobacco has an average rating of "Hold" 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.

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