Hohimer Wealth Management LLC Acquires New Shares in British American Tobacco p.l.c. (NYSE:BTI)

Hohimer Wealth Management LLC bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,300 shares of the company's stock, valued at approximately $219,000.

Several other large investors have also recently made changes to their positions in the business. Park Avenue Securities LLC increased its stake in shares of British American Tobacco by 0.7% during the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock valued at $1,401,000 after buying an additional 244 shares during the period. Applied Capital LLC FL grew its stake 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 worth $963,000 after purchasing an additional 257 shares during the period. Elevation Point Wealth Partners LLC grew its stake 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 worth $691,000 after purchasing an additional 258 shares during the period. Keystone Financial Group grew its stake in British American Tobacco by 1.5% in the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company's stock worth $643,000 after purchasing an additional 267 shares during the period. Finally, Stokes Family Office LLC grew its stake in British American Tobacco by 1.9% in the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock worth $534,000 after purchasing an additional 269 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 1.8%

Shares of NYSE BTI traded down $0.92 during trading on Thursday, reaching $51.36. The company had a trading volume of 7,427,568 shares, compared to its average volume of 5,327,630. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco p.l.c. has a 12-month low of $32.30 and a 12-month high of $52.38. The stock has a market cap of $105.93 billion, a PE ratio of 10.55, a P/E/G ratio of 4.74 and a beta of 0.33. The business's 50-day moving average is $46.81 and its 200 day moving average is $42.31.

British American Tobacco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be given a dividend of $0.7391 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend yield of 5.99%. British American Tobacco's dividend payout ratio (DPR) is presently 60.78%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BTI shares. Wall Street Zen cut British American Tobacco from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating on the stock. Finally, Jefferies Financial Group initiated coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.