Callan Family Office LLC Sells 4,829 Shares of British American Tobacco p.l.c. $BTI

Key Points

• Callan Family Office LLC sold 4,829 shares of British American Tobacco (NYSE: BTI), reducing its stake by 35.1% to a total of 8,944 shares valued at approximately $370,000.
• Institutional investors made significant changes, with firms like Capital International Investors increasing their holdings by 17.1% and GAMMA Investing LLC boosting theirs by 5,144.6% during recent quarters.
• The company recently declared a dividend of $0.7391 per share with a yield of 599.0%, while its current dividend payout ratio stands at 64.68%.

Callan Family Office LLC cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 35.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,944 shares of the company's stock after selling 4,829 shares during the period. Callan Family Office LLC's holdings in British American Tobacco were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Golden State Wealth Management LLC boosted its stake in British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after purchasing an additional 305 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of British American Tobacco by 87.0% in the first quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after purchasing an additional 280 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of British American Tobacco during the fourth quarter worth about $26,000. Financial Management Professionals Inc. grew its holdings in shares of British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after buying an additional 278 shares in the last quarter. Finally, Mather Group LLC. raised its position in British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $27,000 after buying an additional 480 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BTI has been the subject of a number of recent research reports. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Bank of America assumed coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating on the stock. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.00.

British American Tobacco Stock Performance

Shares of BTI traded down $0.3050 during trading hours on Tuesday, hitting $57.4150. The company had a trading volume of 1,577,930 shares, compared to its average volume of 5,730,359. The firm has a market cap of $118.26 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.24 and a beta of 0.38. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $51.55 and a 200-day moving average of $45.22. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $58.46.

British American Tobacco Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th were issued a dividend of $0.7391 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a dividend yield of 599.0%. British American Tobacco's dividend payout ratio (DPR) is currently 60.57%.

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.