U.S. Capital Wealth Advisors LLC Sells 9,114 Shares of British American Tobacco p.l.c. (NYSE:BTI)

U.S. Capital Wealth Advisors LLC trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,614 shares of the company's stock after selling 9,114 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in British American Tobacco were worth $12,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in British American Tobacco by 0.7% during the first quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock valued at $1,401,000 after acquiring an additional 244 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its stake 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 valued at $323,000 after acquiring an additional 258 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in British American Tobacco by 1.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after acquiring an additional 258 shares in the last quarter. Keystone Financial Group grew its stake in British American Tobacco by 1.5% during the fourth quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after acquiring an additional 267 shares in the last quarter. Finally, Stokes Family Office LLC grew its stake in British American Tobacco by 1.9% during the fourth quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after acquiring an additional 269 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BTI shares. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a research note on Friday, June 13th. Bank of America started coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating for the company. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Jefferies Financial Group started coverage on shares of British American Tobacco in a research note on Wednesday. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, British American Tobacco presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Price Performance

Shares of NYSE:BTI traded up $1.19 on Wednesday, reaching $49.12. The company's stock had a trading volume of 8,285,355 shares, compared to its average volume of 5,237,403. The company has a 50-day simple moving average of $46.05 and a 200 day simple moving average of $41.79. The company has a market cap of $101.43 billion, a P/E ratio of 10.09, a PEG ratio of 4.46 and a beta of 0.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76. British American Tobacco p.l.c. has a 52-week low of $31.86 and a 52-week high of $49.77.

British American Tobacco Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 30th will be issued a $0.7391 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend yield of 5.99%. British American Tobacco's dividend payout ratio (DPR) is presently 60.78%.

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.