British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 27.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 84,394 shares of the company's stock after selling 32,049 shares during the period. MML Investors Services LLC's holdings in British American Tobacco were worth $3,065,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in BTI. McIlrath & Eck LLC lifted its holdings in British American Tobacco by 614.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,173 shares of the company's stock worth $79,000 after buying an additional 1,869 shares in the last quarter. Bard Financial Services Inc. raised its position in British American Tobacco by 49.5% in the 3rd quarter. Bard Financial Services Inc. now owns 94,209 shares of the company's stock valued at $3,446,000 after purchasing an additional 31,174 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of British American Tobacco during the third quarter worth about $3,742,000. Sculati Wealth Management LLC raised its holdings in British American Tobacco by 52.1% in the third quarter. Sculati Wealth Management LLC now owns 19,490 shares of the company's stock valued at $713,000 after acquiring an additional 6,680 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. acquired a new stake in shares of British American Tobacco in the 3rd quarter valued at $219,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BTI shares. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th.

British American Tobacco Stock Performance

Shares of BTI stock opened at $42.05 on Monday. British American Tobacco p.l.c. has a 1 year low of $29.36 and a 1 year high of $43.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market cap of $87.03 billion, a price-to-earnings ratio of 8.63 and a beta of 0.38. The stock's 50-day moving average is $40.66 and its two-hundred day moving average is $38.29.

British American Tobacco Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, March 28th will be given a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. 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.

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