British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by Citizens National Bank Trust Department

Citizens National Bank Trust Department lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 59.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,480 shares of the company's stock after purchasing an additional 13,579 shares during the period. Citizens National Bank Trust Department's holdings in British American Tobacco were worth $1,509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BTI. Capital International Investors increased its stake in shares of British American Tobacco by 17.1% during the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after purchasing an additional 5,673,619 shares in the last quarter. FMR LLC increased its stake in shares of British American Tobacco by 44.0% during the fourth quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after purchasing an additional 3,127,046 shares in the last quarter. Bank of Montreal Can increased its stake in shares of British American Tobacco by 2,565.4% during the fourth quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after purchasing an additional 2,001,311 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of British American Tobacco by 261.7% during the fourth quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock worth $97,388,000 after purchasing an additional 1,940,035 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of British American Tobacco during the fourth quarter worth about $55,620,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Down 2.3%

Shares of NYSE BTI opened at $47.00 on Friday. British American Tobacco p.l.c. has a 12-month low of $30.94 and a 12-month high of $49.58. The stock 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. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $45.20 and a 200 day moving average of $41.22.

British American Tobacco Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be paid a $0.7391 dividend. 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 65.09%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Bank of America began coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating for the company. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Finally, Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, British American Tobacco currently has an average rating of "Moderate Buy" 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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