Adams Asset Advisors LLC Sells 25,000 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Adams Asset Advisors LLC lowered its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,516 shares of the company's stock after selling 25,000 shares during the period. British American Tobacco makes up about 2.2% of Adams Asset Advisors LLC's investment portfolio, making the stock its 8th biggest position. Adams Asset Advisors LLC's holdings in British American Tobacco were worth $15,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. grew its holdings in British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after buying an additional 278 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in British American Tobacco during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after purchasing an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco during the fourth quarter worth $27,000. Finally, CX Institutional acquired a new stake in shares of British American Tobacco during the first quarter worth $34,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BTI. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Bank of America began coverage on British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, British American Tobacco has an average rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Trading Up 1.2%

NYSE:BTI opened at $49.35 on Thursday. The business's 50-day moving average is $44.29 and its two-hundred day moving average is $40.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52. British American Tobacco p.l.c. has a 12 month low of $30.81 and a 12 month high of $49.58. The firm has a market capitalization of $102.00 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 4.09 and a beta of 0.31.

British American Tobacco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be given a $0.7391 dividend. This represents a 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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