British American Tobacco p.l.c. $BTI Shares Sold by Causeway Capital Management LLC

Key Points

• Causeway Capital Management LLC reduced its holdings in British American Tobacco by 3.3%, bringing its total shares to 608,927, worth approximately $25.2 million.
• Several hedge funds have increased their stakes in British American Tobacco, with some, like Mather Group LLC, boosting their position by up to 292.7% in the same quarter.
• British American Tobacco has a dividend yield of 599.0%, with a payout ratio of 64.68%, despite recent stock performance fluctuations.

Causeway Capital Management LLC trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 608,927 shares of the company's stock after selling 20,985 shares during the quarter. Causeway Capital Management LLC's holdings in British American Tobacco were worth $25,191,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rosenberg Matthew Hamilton boosted its stake in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after acquiring an additional 280 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of British American Tobacco by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after acquiring an additional 305 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after acquiring an additional 278 shares in the last quarter. Mather Group LLC. boosted its stake in shares of British American Tobacco by 292.7% during the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after acquiring an additional 480 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in shares of British American Tobacco during the 4th quarter worth about $26,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

BTI traded up $0.64 during trading on Friday, reaching $56.85. The company's stock had a trading volume of 3,810,494 shares, compared to its average volume of 4,623,288. 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 firm has a fifty day simple moving average of $53.16 and a two-hundred day simple moving average of $46.20. British American Tobacco p.l.c. has a 1 year low of $34.17 and a 1 year high of $59.29. The company has a market cap of $117.09 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.28 and a beta of 0.38.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Morgan Stanley restated an "underweight" rating and set a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Barclays restated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Finally, Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.00.

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.