Cullen Capital Management LLC Sells 50,517 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Cullen Capital Management LLC reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,180,659 shares of the company's stock after selling 50,517 shares during the quarter. Cullen Capital Management LLC owned approximately 0.06% of British American Tobacco worth $42,882,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in British American Tobacco during the 4th quarter worth approximately $55,620,000. Arrowstreet Capital Limited Partnership raised its stake in British American Tobacco by 24.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after buying an additional 1,196,020 shares during the last quarter. ABC Arbitrage SA bought a new stake in British American Tobacco during the fourth quarter valued at $31,480,000. Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco during the 3rd quarter worth about $28,183,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of British American Tobacco in the 4th quarter worth about $11,820,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BTI shares. UBS Group raised 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.

Remove Ads

British American Tobacco Stock Up 0.7 %

Shares of BTI traded up $0.28 during trading hours on Thursday, hitting $40.49. The stock had a trading volume of 9,370,715 shares, compared to its average volume of 4,948,867. The firm has a 50 day simple moving average of $40.30 and a 200-day simple moving average of $37.79. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market capitalization of $83.88 billion, a P/E ratio of 8.31 and a beta of 0.38.

British American Tobacco Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's payout ratio is currently 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.