British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lessened its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 63.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,573 shares of the company's stock after selling 8,040 shares during the period. Brown Brothers Harriman & Co.'s holdings in British American Tobacco were worth $166,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BTI. Orion Portfolio Solutions LLC boosted its stake in shares of British American Tobacco by 5.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 66,514 shares of the company's stock valued at $2,416,000 after purchasing an additional 3,522 shares during the period. AssuredPartners Investment Advisors LLC acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $430,000. Ausdal Financial Partners Inc. grew its holdings in British American Tobacco by 18.6% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,519 shares of the company's stock valued at $418,000 after purchasing an additional 1,806 shares during the period. CoreFirst Bank & Trust purchased a new stake in shares of British American Tobacco during the fourth quarter worth about $47,000. Finally, Congress Wealth Management LLC DE acquired a new position in British American Tobacco in the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded down $1.93 on Friday, reaching $39.99. 10,167,637 shares of the stock were exchanged, compared to its average volume of 4,613,316. 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 has a market capitalization of $82.84 billion, a PE ratio of 8.21 and a beta of 0.38. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The business has a fifty day moving average price of $40.27 and a two-hundred day moving average price of $37.72.

British American Tobacco Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders 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 dividend payout ratio is currently 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.