San Luis Wealth Advisors LLC Trims Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

San Luis Wealth Advisors LLC cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,354 shares of the company's stock after selling 5,937 shares during the quarter. San Luis Wealth Advisors LLC's holdings in British American Tobacco were worth $759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its position in British American Tobacco by 0.7% during the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock worth $1,401,000 after purchasing an additional 244 shares during the period. Sound View Wealth Advisors Group LLC grew its holdings in British American Tobacco by 3.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock worth $323,000 after acquiring an additional 258 shares during the period. Elevation Point Wealth Partners LLC raised its position 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 acquiring an additional 258 shares in the last quarter. Keystone Financial Group boosted its position in shares of British American Tobacco by 1.5% during the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock worth $643,000 after purchasing an additional 267 shares in the last quarter. Finally, Stokes Family Office LLC grew its stake in shares of British American Tobacco by 1.9% during the 4th 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 currently owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

Shares of British American Tobacco stock traded down $0.49 on Friday, hitting $48.85. The company's stock had a trading volume of 9,812,199 shares, compared to its average volume of 5,183,661. The company has a market capitalization of $100.88 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 4.14 and a beta of 0.31. British American Tobacco p.l.c. has a 52-week low of $30.81 and a 52-week high of $49.65. The firm has a fifty day moving average price of $44.46 and a 200-day moving average price of $40.76. 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 Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 30th will be given a dividend of $0.7391 per share. This represents a yield of 5.99%. The ex-dividend date of this dividend is Friday, June 27th. British American Tobacco's payout ratio is currently 65.09%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Bank of America began coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating on the stock. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, British American Tobacco has an average 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.