9,075 Shares in British American Tobacco p.l.c. (NYSE:BTI) Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,075 shares of the company's stock, valued at approximately $375,000.

A number of other institutional investors have also added to or reduced their stakes in BTI. O Shaughnessy Asset Management LLC increased its holdings in shares of British American Tobacco by 1.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company's stock valued at $17,922,000 after purchasing an additional 7,875 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock valued at $221,343,000 after purchasing an additional 1,196,020 shares during the last quarter. Cove Street Capital LLC acquired a new position in shares of British American Tobacco in the fourth quarter valued at $1,050,000. QRG Capital Management Inc. increased its holdings in shares of British American Tobacco by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock valued at $7,121,000 after purchasing an additional 17,478 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of British American Tobacco by 21.8% in the fourth quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock valued at $2,979,000 after purchasing an additional 14,655 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Saturday. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded down $1.10 during trading on Friday, reaching $47.00. The company's stock had a trading volume of 6,884,630 shares, compared to its average volume of 5,169,575. The business's 50-day moving average price is $45.20 and its 200-day moving average price is $41.22. The firm has a market cap of $97.04 billion, a PE ratio of 9.65, a P/E/G ratio of 3.94 and a beta of 0.31. British American Tobacco p.l.c. has a 52 week low of $30.94 and a 52 week high of $49.58. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

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 given a $0.7391 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend yield of 5.99%. British American Tobacco's payout ratio is presently 65.09%.

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.