U.S. Capital Wealth Advisors LLC Reduces Holdings in British American Tobacco p.l.c. (NYSE:BTI)

U.S. Capital Wealth Advisors LLC lowered its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 2.9% in the first quarter, according to the company in its most recent 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 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BTI. Park Avenue Securities LLC increased its holdings in shares of British American Tobacco by 0.7% in the 1st quarter. Park Avenue Securities LLC now owns 33,866 shares of the company's stock valued at $1,401,000 after purchasing an additional 244 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in shares of British American Tobacco by 3.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,904 shares of the company's stock valued at $323,000 after purchasing an additional 258 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of British American Tobacco by 1.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 16,715 shares of the company's stock valued at $691,000 after purchasing an additional 258 shares in the last quarter. Keystone Financial Group increased its holdings in shares of British American Tobacco by 1.5% in the 4th quarter. Keystone Financial Group now owns 17,695 shares of the company's stock valued at $643,000 after purchasing an additional 267 shares in the last quarter. Finally, Stokes Family Office LLC increased its holdings in shares of British American Tobacco by 1.9% in the 4th quarter. Stokes Family Office LLC now owns 14,697 shares of the company's stock valued at $534,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

BTI has been the subject of several recent research reports. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Sunday. Bank of America initiated coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating on the stock. Jefferies Financial Group assumed coverage on shares of British American Tobacco in a research note on Wednesday. They set a "buy" rating on the stock. Finally, Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, British American Tobacco currently has an average rating of "Moderate Buy" and an average price target of $33.00.

British American Tobacco Trading Up 1.5%

Shares of BTI traded up $0.72 during mid-day trading on Wednesday, hitting $48.65. The company had a trading volume of 5,035,910 shares, compared to its average volume of 5,226,445. The business's 50-day simple moving average is $45.94 and its 200-day simple moving average is $41.74. 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 p.l.c. has a 1-year low of $31.50 and a 1-year high of $49.77. The stock has a market cap of $100.45 billion, a PE ratio of 9.99, a P/E/G ratio of 4.52 and a beta of 0.33.

British American Tobacco Cuts Dividend

The firm also recently declared 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. The ex-dividend date is Friday, June 27th. This represents a yield of 5.99%. British American Tobacco's dividend payout ratio (DPR) is 60.78%.

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.