British American Tobacco p.l.c. (NYSE:BTI) Holdings Trimmed by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC lessened its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 97.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,588 shares of the company's stock after selling 55,606 shares during the quarter. Pathway Financial Advisers LLC's holdings in British American Tobacco were worth $58,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BTI. Versant Capital Management Inc acquired a new position in British American Tobacco in the 4th quarter valued at about $34,000. ORG Partners LLC grew its holdings in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company's stock valued at $42,000 after buying an additional 299 shares during the period. Kieckhefer Group LLC purchased a new stake in British American Tobacco in the 4th quarter valued at about $44,000. Creative Financial Designs Inc. ADV grew its holdings in British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock valued at $45,000 after buying an additional 753 shares during the period. Finally, Continuum Advisory LLC grew its holdings in shares of British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company's stock worth $48,000 after purchasing an additional 748 shares during the period. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BTI. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. StockNews.com upgraded British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday.

British American Tobacco Stock Performance

Shares of BTI stock traded down $0.81 on Monday, hitting $38.80. 7,051,078 shares of the stock traded hands, compared to its average volume of 4,552,530. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $42.74. The company's fifty day moving average is $37.83 and its 200 day moving average is $36.96.

British American Tobacco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, December 30th will be given a dividend of $0.7391 per share. This represents a $2.96 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend is Tuesday, December 30th.

About British American Tobacco

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.