Financial Counselors Inc. Sells 6,593 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Financial Counselors Inc. decreased its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,471 shares of the company's stock after selling 6,593 shares during the quarter. Financial Counselors Inc.'s holdings in British American Tobacco were worth $6,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BTI. FMR LLC raised its position in British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of British American Tobacco in the 4th quarter worth $55,620,000. ABC Arbitrage SA bought a new position in British American Tobacco in the 4th quarter worth $31,480,000. Public Employees Retirement System of Ohio bought a new stake in British American Tobacco during the third quarter valued at about $28,183,000. Finally, Bridgewater Associates LP bought a new position in shares of British American Tobacco in the third quarter worth about $27,118,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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British American Tobacco Price Performance

BTI traded up $0.85 on Monday, hitting $41.36. 6,398,892 shares of the company's stock traded hands, compared to its average volume of 4,570,348. The company's 50 day simple moving average is $39.96 and its 200-day simple 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 one year low of $28.25 and a one year high of $42.74. The firm has a market cap of $85.66 billion, a price-to-earnings ratio of 8.49 and a beta of 0.50.

British American Tobacco Dividend Announcement

The business also recently announced 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 (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.