Stifel Financial Corp Has $14.50 Million Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Stifel Financial Corp cut its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,136 shares of the company's stock after selling 179,964 shares during the period. Stifel Financial Corp's holdings in British American Tobacco were worth $14,497,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. raised its holdings in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after purchasing an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in British American Tobacco in the fourth quarter worth about $27,000. Versant Capital Management Inc acquired a new position in shares of British American Tobacco in the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. lifted its stake in British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock valued at $40,000 after purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after buying an additional 299 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTI. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th.

British American Tobacco Stock Down 0.2 %

NYSE BTI traded down $0.07 on Thursday, reaching $42.44. The stock had a trading volume of 2,545,112 shares, compared to its average volume of 4,692,378. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $87.84 billion, a price-to-earnings ratio of 8.71 and a beta of 0.38. British American Tobacco p.l.c. has a 1 year low of $29.08 and a 1 year high of $43.12. The business has a 50 day moving average price of $40.50 and a 200 day moving average price of $38.16.

British American Tobacco Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio is presently 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.