May Hill Capital LLC Takes $344,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

May Hill Capital LLC acquired a new stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,314 shares of the company's stock, valued at approximately $344,000.

Other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its stake in British American Tobacco by 1.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company's stock worth $17,922,000 after acquiring an additional 7,875 shares during the period. Arrowstreet Capital Limited Partnership lifted 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 buying an additional 1,196,020 shares in the last quarter. Cove Street Capital LLC acquired a new stake in shares of British American Tobacco in the 4th quarter valued at about $1,050,000. BNP Paribas Financial Markets grew its position in shares of British American Tobacco by 21.8% during the 4th quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock valued at $2,979,000 after buying an additional 14,655 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of British American Tobacco by 20.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,363 shares of the company's stock valued at $5,788,000 after buying an additional 27,492 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Trading Down 1.5%

Shares of NYSE:BTI traded down $0.74 during mid-day trading on Tuesday, hitting $47.92. The stock had a trading volume of 5,533,465 shares, compared to its average volume of 5,219,137. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76. The company has a market cap of $98.95 billion, a PE ratio of 9.84, a P/E/G ratio of 4.65 and a beta of 0.33. British American Tobacco p.l.c. has a 12-month low of $31.50 and a 12-month high of $49.58. The company's 50 day moving average is $45.84 and its 200-day moving average is $41.69.

British American Tobacco Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be given a $0.7391 dividend. The ex-dividend date is Friday, June 27th. This represents a yield of 5.99%. British American Tobacco's payout ratio is 60.78%.

Analyst Upgrades and Downgrades

BTI has been the subject of several recent analyst reports. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday. Bank of America started coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating for the company. Finally, Barclays reiterated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" 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.