LPL Financial LLC Sells 383,863 Shares of British American Tobacco p.l.c. (NYSE:BTI)

LPL Financial LLC decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 34.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 739,411 shares of the company's stock after selling 383,863 shares during the period. LPL Financial LLC's holdings in British American Tobacco were worth $26,855,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock valued at $259,914,000 after purchasing an additional 2,868,675 shares during the last quarter. Raymond James Financial Inc. acquired a new position in British American Tobacco in the 4th quarter valued at $55,620,000. ABC Arbitrage SA bought a new position in British American Tobacco during the 4th quarter worth $31,480,000. Public Employees Retirement System of Ohio acquired a new stake in shares of British American Tobacco during the third quarter worth $28,183,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of British American Tobacco in the fourth quarter valued at about $11,820,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

BTI has been the subject of a number of recent research reports. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. StockNews.com upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

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British American Tobacco Price Performance

BTI traded up $1.51 on Thursday, hitting $41.76. 2,333,634 shares of the stock were exchanged, compared to its average volume of 4,560,485. 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 12 month low of $28.25 and a 12 month high of $42.74. The firm has a market capitalization of $86.50 billion, a price-to-earnings ratio of 8.58 and a beta of 0.38. The business has a 50-day moving average of $40.13 and a two-hundred day moving average of $37.69.

British American Tobacco Announces Dividend

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