British American Tobacco p.l.c. (NYSE:BTI) is TrueMark Investments LLC's 3rd Largest Position

TrueMark Investments LLC increased its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 53.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 285,343 shares of the company's stock after purchasing an additional 99,086 shares during the period. British American Tobacco makes up 3.1% of TrueMark Investments LLC's holdings, making the stock its 3rd biggest holding. TrueMark Investments LLC's holdings in British American Tobacco were worth $11,805,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after purchasing an additional 525 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of British American Tobacco in the 4th quarter valued at about $26,000. Financial Management Professionals Inc. boosted its holdings in shares of British American Tobacco by 78.5% during the 1st quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after buying an additional 278 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in British American Tobacco in the fourth quarter worth $27,000. Finally, CX Institutional acquired a new stake in shares of British American Tobacco in the 1st quarter valued at about $34,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

Shares of BTI traded down $0.26 during mid-day trading on Tuesday, hitting $48.50. The stock had a trading volume of 4,564,591 shares, compared to its average volume of 5,152,774. The firm has a market cap of $100.15 billion, a P/E ratio of 9.96, a PEG ratio of 4.09 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 $49.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52. The business has a fifty day moving average price of $44.87 and a 200-day moving average price of $41.01.

British American Tobacco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be paid a dividend of $0.7391 per share. This represents a dividend 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%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays restated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Bank of America initiated coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, British American Tobacco currently 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.