Naviter Wealth LLC Trims Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Naviter Wealth LLC reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 16.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 47,153 shares of the company's stock after selling 9,386 shares during the period. Naviter Wealth LLC's holdings in British American Tobacco were worth $1,747,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Key Client Fiduciary Advisors LLC increased its position in British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company's stock valued at $547,000 after acquiring an additional 295 shares during the period. ORG Partners LLC increased its holdings in shares of British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after purchasing an additional 299 shares during the period. First City Capital Management Inc. raised its stake in shares of British American Tobacco by 2.8% during the third quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock worth $398,000 after purchasing an additional 300 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in British American Tobacco by 43.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock valued at $45,000 after buying an additional 374 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in British American Tobacco by 17.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,570 shares of the company's stock valued at $93,000 after buying an additional 388 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 1.7 %

NYSE:BTI opened at $40.86 on Friday. The stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 8.39 and a beta of 0.50. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74. The stock has a fifty day moving average price of $38.43 and a two-hundred day moving average price of $37.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76.

British American Tobacco Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be paid a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is 60.57%.

Wall Street Analysts Forecast Growth

BTI has been the subject of several recent analyst reports. UBS Group upgraded 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 report on Monday, February 17th.

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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.

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