British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by AMG National Trust Bank

AMG National Trust Bank increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,816 shares of the company's stock after acquiring an additional 19,787 shares during the quarter. AMG National Trust Bank's holdings in British American Tobacco were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in shares of British American Tobacco by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock valued at $1,401,000 after acquiring an additional 244 shares during the last quarter. Applied Capital LLC FL boosted its holdings in British American Tobacco by 1.1% in the first quarter. Applied Capital LLC FL now owns 23,284 shares of the company's stock valued at $963,000 after purchasing an additional 257 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in British American Tobacco by 1.6% in the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after purchasing an additional 258 shares in the last quarter. Keystone Financial Group boosted its holdings in British American Tobacco by 1.5% in the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after purchasing an additional 267 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock valued at $26,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of BTI stock traded up $0.21 during mid-day trading on Monday, reaching $51.80. The stock had a trading volume of 4,974,286 shares, compared to its average volume of 5,343,544. British American Tobacco p.l.c. has a 12-month low of $33.18 and a 12-month high of $52.38. The company has a market cap of $106.84 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 4.75 and a beta of 0.33. The business has a 50-day simple moving average of $47.17 and a 200 day simple moving average of $42.61. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65.

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 given a $0.7391 dividend. This represents a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, June 27th. British American Tobacco's dividend payout ratio is currently 60.78%.

Wall Street Analyst Weigh In

BTI has been the subject of a number of research analyst reports. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a report on Friday. Jefferies Financial Group initiated coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Bank of America initiated coverage on British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating for the company. Finally, Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.