Summit Securities Group LLC Sells 482,448 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Summit Securities Group LLC decreased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 95.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,500 shares of the company's stock after selling 482,448 shares during the period. Summit Securities Group LLC's holdings in British American Tobacco were worth $745,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its position in shares of British American Tobacco by 24.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock valued at $221,343,000 after acquiring an additional 1,196,020 shares during the period. SG Americas Securities LLC boosted its holdings in British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock valued at $1,681,000 after purchasing an additional 14,432 shares during the period. QRG Capital Management Inc. grew its position in shares of British American Tobacco by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock worth $7,121,000 after purchasing an additional 17,478 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of British American Tobacco by 25.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock valued at $4,824,000 after buying an additional 26,863 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock valued at $2,419,000 after buying an additional 31,250 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Price Performance

NYSE:BTI traded up $1.59 during mid-day trading on Thursday, reaching $41.84. The stock had a trading volume of 4,412,289 shares, compared to its average volume of 4,600,510. The stock has a 50-day simple moving average of $40.13 and a two-hundred day simple moving average of $37.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The stock has a market capitalization of $86.67 billion, a PE ratio of 8.59 and a beta of 0.38.

British American Tobacco Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.7491 per share. The ex-dividend date is Friday, March 28th. British American Tobacco's dividend payout ratio (DPR) is currently 60.57%.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent research reports. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a research note 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.