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

Consolidated Portfolio Review Corp bought a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,075 shares of the company's stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its holdings in British American Tobacco by 1.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company's stock worth $17,922,000 after acquiring an additional 7,875 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in 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 buying an additional 1,196,020 shares in the last quarter. Cove Street Capital LLC acquired a new position in shares of British American Tobacco in the fourth quarter valued at approximately $1,050,000. QRG Capital Management Inc. increased its holdings in British American Tobacco by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock worth $7,121,000 after purchasing an additional 17,478 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of British American Tobacco by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock worth $2,979,000 after buying an additional 14,655 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America assumed coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, British American Tobacco has an average rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Trading Down 0.5%

NYSE BTI opened at $48.50 on Wednesday. The company has a market cap of $100.15 billion, a PE ratio of 9.96, a PEG ratio of 4.09 and a beta of 0.31. British American Tobacco p.l.c. has a 12 month low of $30.81 and a 12 month high of $49.58. The stock has a 50 day moving average of $44.87 and a 200-day moving average of $41.01. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65.

British American Tobacco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be given a $0.7391 dividend. This represents a dividend yield of 5.99%. The ex-dividend date is Friday, June 27th. British American Tobacco's dividend payout ratio (DPR) is presently 65.09%.

British American Tobacco Profile

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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