Bank of New York Mellon Corp Cuts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Bank of New York Mellon Corp decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,208 shares of the company's stock after selling 8,889 shares during the quarter. Bank of New York Mellon Corp's holdings in British American Tobacco were worth $4,947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC increased its stake in shares of British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. ABC Arbitrage SA purchased a new stake in British American Tobacco during the 4th quarter valued at about $31,480,000. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $28,183,000. Bridgewater Associates LP bought a new stake in shares of British American Tobacco in the 3rd quarter worth $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

Shares of BTI stock traded down $0.25 during mid-day trading on Friday, hitting $40.83. The company had a trading volume of 2,837,976 shares, compared to its average volume of 4,498,595. The company has a market capitalization of $84.56 billion, a P/E ratio of 8.38 and a beta of 0.50. The stock's 50 day moving average price is $39.26 and its 200-day moving average price is $37.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74.

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British American Tobacco Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, March 28th. British American Tobacco's payout ratio is 60.57%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th.

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.