Townsend & Associates Inc lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 10.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,500 shares of the company's stock after selling 6,467 shares during the period. Townsend & Associates Inc's holdings in British American Tobacco were worth $2,447,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors grew its holdings in shares of British American Tobacco by 17.1% during the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after purchasing an additional 5,673,619 shares during the last quarter. FMR LLC grew its holdings in British American Tobacco by 44.0% during the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after acquiring an additional 3,127,046 shares during the last quarter. Bank of Montreal Can raised its stake in shares of British American Tobacco by 2,565.4% during the fourth quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock valued at $75,521,000 after acquiring an additional 2,001,311 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of British American Tobacco by 261.7% during the fourth quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock worth $97,388,000 after purchasing an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in British American Tobacco in the fourth quarter valued at $55,620,000. Institutional investors and hedge funds own 16.16% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on BTI. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Bank of America started coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. Finally, Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.
Check Out Our Latest Research Report on British American Tobacco
British American Tobacco Price Performance
BTI stock opened at $47.00 on Monday. 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 market cap of $97.04 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 3.94 and a beta of 0.31. The company's fifty day simple moving average is $45.20 and its 200 day simple moving average is $41.24. British American Tobacco p.l.c. has a 12-month low of $30.94 and a 12-month high of $49.58.
British American Tobacco Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be paid a $0.7391 dividend. This represents a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, June 27th. British American Tobacco's dividend payout ratio is 60.78%.
About British American Tobacco
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco p.l.c. (NYSE:BTI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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