PNC Financial Services Group Inc. decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 47.4% during the 4th quarter, according to the company in 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 quarter. PNC Financial Services Group Inc.'s holdings in British American Tobacco were worth $1,547,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its position in shares of British American Tobacco by 294.9% during 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 in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in British American Tobacco in the fourth quarter valued at about $27,000. Versant Capital Management Inc acquired a new position in shares of British American Tobacco during the fourth quarter worth approximately $34,000. Cullen Frost Bankers Inc. lifted its position in shares of British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after purchasing an additional 846 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company's stock worth $42,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 16.16% of the company's stock.
British American Tobacco Trading Down 1.4 %
Shares of BTI traded down $0.59 on Tuesday, reaching $41.25. 6,823,774 shares of the company's stock were exchanged, compared to its average volume of 4,541,846. 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 market capitalization of $85.44 billion, a P/E ratio of 8.47 and a beta of 0.50. The business has a 50 day moving average price of $39.09 and a two-hundred day moving average price of $37.50. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74.
British American Tobacco Announces Dividend
The firm also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be paid a dividend of $0.7491 per share. The ex-dividend date of this dividend is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is 60.57%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BTI. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report 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.
View Our Latest Report on BTI
About British American Tobacco
(
Free Report)
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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