Savoir Faire Capital Management L.P. Has $5.67 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Savoir Faire Capital Management L.P. reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 38.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,162 shares of the company's stock after selling 86,203 shares during the period. British American Tobacco makes up about 5.0% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 4th largest position. Savoir Faire Capital Management L.P.'s holdings in British American Tobacco were worth $5,674,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its position in shares of 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 valued at $17,922,000 after purchasing an additional 7,875 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in British American Tobacco by 24.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after acquiring an additional 1,196,020 shares during the period. Cove Street Capital LLC acquired a new stake in British American Tobacco during the 4th quarter worth about $1,050,000. BNP Paribas Financial Markets boosted its position in British American Tobacco by 21.8% during the 4th quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock worth $2,979,000 after acquiring an additional 14,655 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 worth $5,788,000 after acquiring an additional 27,492 shares during the period. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

NYSE BTI traded up $0.28 during trading on Friday, hitting $51.61. The company's stock had a trading volume of 6,058,097 shares, compared to its average volume of 5,345,027. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average price of $47.17 and a 200 day moving average price of $42.56. The firm has a market cap of $106.46 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 4.75 and a beta of 0.33. British American Tobacco p.l.c. has a 52 week low of $33.18 and a 52 week high of $52.38.

British American Tobacco Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BTI shares. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research report on Friday. Jefferies Financial Group began coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Bank of America began coverage on British American Tobacco in a report on Wednesday, April 30th. They set 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 equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

About British American Tobacco

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.