Envestnet Asset Management Inc. Purchases 42,531 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Envestnet Asset Management Inc. grew its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,447,083 shares of the company's stock after buying an additional 42,531 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of British American Tobacco worth $59,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of BTI. Capital International Investors raised its holdings in British American Tobacco by 17.1% in the 4th 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 during the period. FMR LLC raised its holdings in British American Tobacco by 44.0% in the 4th 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 during the period. Bank of Montreal Can raised its holdings in British American Tobacco by 2,565.4% in the 4th 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 during the period. Bridgewater Associates LP raised its holdings in British American Tobacco by 261.7% in the 4th 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 during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in British American Tobacco by 24.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after purchasing an additional 1,196,020 shares during the period. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

BTI stock traded up $0.35 during trading on Friday, reaching $51.17. The company's stock had a trading volume of 7,858,501 shares, compared to its average volume of 5,283,091. British American Tobacco p.l.c. has a 1 year low of $31.92 and a 1 year high of $51.35. 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 company has a market capitalization of $105.55 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 4.68 and a beta of 0.33. The company's fifty day moving average is $46.36 and its 200-day moving average is $41.99.

British American Tobacco Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be issued 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 60.78%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BTI. Jefferies Financial Group began coverage on British American Tobacco in a report on Wednesday. They issued a "buy" rating on the stock. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Finally, Bank of America began coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, British American Tobacco presently has an average rating of "Moderate Buy" and an average price target of $33.00.

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.