British American Tobacco p.l.c. $BTI Shares Sold by Investment Management Associates Inc. ADV

Key Points

• Investment Management Associates Inc. ADV cut its British American Tobacco stake by 20.9% in the fourth quarter, selling 119,786 shares and leaving it with 453,806 shares valued at about $25.7 million.
• Other institutions also adjusted their holdings, while 16.16% of British American Tobacco’s stock is currently owned by institutional investors and hedge funds.
• The company declared a quarterly dividend of $0.8349 per share, equal to an annualized yield of 5.7%, and analysts currently rate the stock a Moderate Buy with a $51.00 consensus price target.

Investment Management Associates Inc. ADV trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 453,806 shares of the company's stock after selling 119,786 shares during the period. British American Tobacco makes up about 7.1% of Investment Management Associates Inc. ADV's holdings, making the stock its 4th biggest holding. Investment Management Associates Inc. ADV's holdings in British American Tobacco were worth $25,695,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new stake in British American Tobacco in the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC increased its holdings in British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company's stock valued at $36,000 after purchasing an additional 346 shares in the last quarter. Binnacle Investments Inc increased its holdings in British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company's stock valued at $40,000 after purchasing an additional 465 shares in the last quarter. Westside Investment Management Inc. increased its holdings in British American Tobacco by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 782 shares of the company's stock valued at $41,000 after purchasing an additional 391 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in British American Tobacco in the 4th quarter valued at $42,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.3%

NYSE:BTI opened at $58.28 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The firm has a 50-day moving average of $58.70 and a two-hundred day moving average of $57.53. British American Tobacco p.l.c. has a 1-year low of $40.12 and a 1-year high of $63.22.

British American Tobacco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, December 29th will be given a $0.8349 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, December 29th.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings upgraded British American Tobacco from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, April 29th. Wall Street Zen downgraded British American Tobacco from a "buy" rating to a "hold" rating in a report on Sunday, April 5th. Seven analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, British American Tobacco currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world's largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT's core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.

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