British American Tobacco (NYSE:BTI) Trading Down 3% - What's Next?

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report)'s stock price was down 3% during trading on Wednesday . The company traded as low as $39.83 and last traded at $39.87. Approximately 1,759,593 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 4,566,842 shares. The stock had previously closed at $41.10.

Wall Street Analyst Weigh In

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

British American Tobacco Price Performance

The company's fifty day simple moving average is $40.27 and its 200-day simple moving average is $37.72. The stock has a market cap of $81.72 billion, a P/E ratio of 8.10 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.

British American Tobacco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be issued 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 60.57%.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new position in British American Tobacco during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. increased its holdings in shares of 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 buying an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of British American Tobacco in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc bought a new stake in British American Tobacco during the 4th quarter worth approximately $34,000. Finally, Cullen Frost Bankers Inc. increased its holdings in British American Tobacco by 334.4% during the 4th 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 in the last quarter. 16.16% of the stock is owned by institutional investors.

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.