Corient Private Wealth LLC Sells 36,577 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Corient Private Wealth LLC trimmed its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,067 shares of the company's stock after selling 36,577 shares during the quarter. Corient Private Wealth LLC's holdings in British American Tobacco were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC lifted its position in shares of British American Tobacco by 45.3% during the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock worth $1,681,000 after buying an additional 14,432 shares during the period. QRG Capital Management Inc. grew its stake in British American Tobacco by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock valued at $7,121,000 after acquiring an additional 17,478 shares during the period. Charles Schwab Investment Management Inc. lifted its position in British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock valued at $4,824,000 after acquiring an additional 26,863 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of British American Tobacco by 89.6% in the third 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 during the last quarter. Finally, Edmp Inc. bought a new stake in British American Tobacco during the fourth quarter worth about $219,000. Institutional investors and hedge funds own 16.16% of the company's stock.

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Analysts Set New Price Targets

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

British American Tobacco Price Performance

Shares of BTI traded down $0.67 during midday trading on Friday, reaching $40.53. The stock had a trading volume of 2,770,113 shares, compared to its average volume of 4,563,029. The company's 50-day moving average is $39.86 and its 200 day moving average is $37.65. 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 p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74. The company has a market capitalization of $83.94 billion, a price-to-earnings ratio of 8.32 and a beta of 0.50.

British American Tobacco Dividend Announcement

The company also recently announced 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 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.