British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,289,026 shares of the company's stock after selling 697,711 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of British American Tobacco worth $46,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of British American Tobacco in the 4th quarter valued at approximately $55,620,000. Arrowstreet Capital Limited Partnership grew its position in British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after acquiring an additional 1,196,020 shares during the period. ABC Arbitrage SA purchased a new stake in British American Tobacco in the fourth quarter valued at $31,480,000. SBI Securities Co. Ltd. acquired a new position in shares of British American Tobacco in the 4th quarter valued at $11,820,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of British American Tobacco by 129.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 385,920 shares of the company's stock worth $14,117,000 after purchasing an additional 218,000 shares during the period. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BTI shares. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a 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 Trading Up 0.9 %

BTI traded up $0.39 during mid-day trading on Tuesday, hitting $42.40. 1,624,567 shares of the stock were exchanged, compared to its average volume of 4,662,278. The company has a market cap of $87.75 billion, a PE ratio of 8.71 and a beta of 0.38. 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 firm's fifty day moving average is $40.36 and its two-hundred day moving average is $37.87. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74.

British American Tobacco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's payout ratio is currently 60.57%.

British American Tobacco Company 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.