25,346 Shares in British American Tobacco p.l.c. (NYSE:BTI) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,346 shares of the company's stock, valued at approximately $1,049,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BTI. Congress Wealth Management LLC DE bought a new position in British American Tobacco during the fourth quarter worth $212,000. Ausdal Financial Partners Inc. increased its holdings in British American Tobacco by 18.6% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,519 shares of the company's stock valued at $418,000 after buying an additional 1,806 shares during the period. AssuredPartners Investment Advisors LLC bought a new stake in British American Tobacco in the 4th quarter valued at $430,000. Orion Portfolio Solutions LLC increased its holdings in British American Tobacco by 5.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,514 shares of the company's stock valued at $2,416,000 after buying an additional 3,522 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in British American Tobacco by 24.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock valued at $221,343,000 after buying an additional 1,196,020 shares during the period. Institutional investors own 16.16% of the company's stock.

Wall Street Analyst Weigh In

BTI has been the topic of several analyst reports. Bank of America initiated coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating on the stock. Wall Street Zen lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday. Barclays reissued an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Jefferies Financial Group initiated coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Price Performance

Shares of BTI traded down $0.40 during trading hours on Monday, hitting $51.86. The stock had a trading volume of 1,513,775 shares, compared to its average volume of 5,791,701. The company's fifty day moving average is $48.27 and its two-hundred day moving average is $43.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52. British American Tobacco p.l.c. has a 52 week low of $34.12 and a 52 week high of $52.98. The stock has a market capitalization of $106.97 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 4.83 and a beta of 0.33.

British American Tobacco Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 30th will be given a dividend of $0.7391 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a yield of 5.99%. British American Tobacco's dividend payout ratio (DPR) is 60.57%.

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.