PNC Financial Services Group Inc. Has $1.55 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

PNC Financial Services Group Inc. lessened its stake in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,588 shares of the company's stock after selling 38,324 shares during the quarter. PNC Financial Services Group Inc.'s holdings in British American Tobacco were worth $1,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC lifted its position in shares of British American Tobacco by 7.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 8,222 shares of the company's stock worth $301,000 after purchasing an additional 538 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company's stock worth $105,111,000 after purchasing an additional 206,117 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in shares of British American Tobacco in the third quarter worth $499,000. Thrivent Financial for Lutherans lifted its position in shares of British American Tobacco by 46.4% in the third quarter. Thrivent Financial for Lutherans now owns 24,262 shares of the company's stock worth $887,000 after purchasing an additional 7,686 shares in the last quarter. Finally, AMG National Trust Bank lifted its position in shares of British American Tobacco by 4.1% in the third quarter. AMG National Trust Bank now owns 84,281 shares of the company's stock worth $3,083,000 after purchasing an additional 3,281 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

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British American Tobacco Stock Performance

NYSE:BTI traded up $0.42 on Monday, hitting $41.78. The company's stock had a trading volume of 2,412,144 shares, compared to its average volume of 4,545,410. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average of $38.90 and a two-hundred day moving average of $37.44. The firm has a market capitalization of $86.63 billion, a P/E ratio of 8.58 and a beta of 0.50. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $42.74.

British American Tobacco Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders 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 is 60.57%.

Wall Street Analyst Weigh In

Several analysts have issued reports on BTI shares. StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research 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.

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.