British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 47.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,588 shares of the company's stock after selling 38,324 shares during the period. 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.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. raised its holdings in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after acquiring an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco in the fourth quarter worth approximately $27,000. Versant Capital Management Inc purchased a new position in British American Tobacco during the fourth quarter worth approximately $34,000. Cullen Frost Bankers Inc. raised its position in shares of British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after buying an additional 846 shares during the period. Finally, ORG Partners LLC boosted its holdings in 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 acquiring an additional 299 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 1.0 %

BTI traded down $0.42 on Tuesday, reaching $41.42. The company's stock had a trading volume of 1,475,812 shares, compared to its average volume of 4,540,397. The stock has a market cap of $85.90 billion, a price-to-earnings ratio of 8.50 and a beta of 0.50. 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 business's 50 day moving average is $39.00 and its 200 day moving average is $37.48. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.74.

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British American Tobacco Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, May 12th. Investors 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 is presently 60.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BTI. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. StockNews.com upgraded British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th.

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.