Brown Brothers Harriman & Co. Sells 8,040 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Brown Brothers Harriman & Co. lessened its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 63.7% in the 4th quarter, according to its most recent Form 13F 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 filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in shares of British American Tobacco by 46.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,262 shares of the company's stock valued at $887,000 after buying an additional 7,686 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of British American Tobacco by 25.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock worth $4,824,000 after acquiring an additional 26,863 shares in the last quarter. Citigroup Inc. raised its position in shares of British American Tobacco by 35.0% during the third quarter. Citigroup Inc. now owns 166,353 shares of the company's stock worth $6,085,000 after purchasing an additional 43,098 shares during the period. Cerity Partners LLC lifted its holdings in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock valued at $2,419,000 after purchasing an additional 31,250 shares in the last quarter. Finally, FMR LLC grew its position 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 valued at $259,914,000 after purchasing an additional 2,868,675 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

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

British American Tobacco Stock Up 4.4 %

Shares of NYSE:BTI traded up $1.78 during mid-day trading on Thursday, reaching $42.03. 8,818,448 shares of the stock were exchanged, compared to its average volume of 4,594,052. The stock's 50 day simple moving average is $40.13 and its 200-day simple moving average is $37.69. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74. The company has a market cap of $87.06 billion, a P/E ratio of 8.63 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

British American Tobacco Announces Dividend

The firm also recently disclosed 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 is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is presently 60.57%.

British American Tobacco 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.