CWA Asset Management Group LLC Buys 10,633 Shares of British American Tobacco p.l.c. (NYSE:BTI)

CWA Asset Management Group LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 25.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,946 shares of the company's stock after purchasing an additional 10,633 shares during the quarter. CWA Asset Management Group LLC's holdings in British American Tobacco were worth $2,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital International Investors raised its stake in British American Tobacco by 17.1% in the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company's stock valued at $1,411,179,000 after purchasing an additional 5,673,619 shares in the last quarter. Capital Research Global Investors raised its stake in British American Tobacco by 0.3% in the fourth quarter. Capital Research Global Investors now owns 15,594,361 shares of the company's stock valued at $566,381,000 after purchasing an additional 47,439 shares in the last quarter. FMR LLC raised its stake in British American Tobacco by 44.0% in the fourth quarter. FMR LLC now owns 10,232,402 shares of the company's stock valued at $371,641,000 after purchasing an additional 3,127,046 shares in the last quarter. Arrowstreet Capital Limited Partnership raised 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 purchasing an additional 1,196,020 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in British American Tobacco by 4.8% in the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock valued at $109,348,000 after purchasing an additional 137,231 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Trading Down 1.0%

British American Tobacco stock traded down $0.49 during trading hours on Friday, hitting $48.85. The stock had a trading volume of 9,812,228 shares, compared to its average volume of 5,156,152. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The stock has a market cap of $100.88 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 4.11 and a beta of 0.31. British American Tobacco p.l.c. has a one year low of $30.81 and a one year high of $49.58. The business's 50 day simple moving average is $44.61 and its 200-day simple moving average is $40.86.

British American Tobacco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be given a dividend of $0.7391 per share. 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 60.57%.

Analyst Upgrades and Downgrades

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

British American Tobacco Company 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.