TD Private Client Wealth LLC Cuts Position in British American Tobacco p.l.c. (NYSE:BTI)

TD Private Client Wealth LLC lowered its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,917 shares of the company's stock after selling 50,550 shares during the quarter. TD Private Client Wealth LLC's holdings in British American Tobacco were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BTI. FMR LLC grew its stake in British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after buying an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC grew its position in shares of British American Tobacco by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company's stock worth $109,348,000 after acquiring an additional 137,231 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of British American Tobacco in the 4th quarter valued at $55,620,000. First Eagle Investment Management LLC boosted its stake in British American Tobacco by 13.0% during the 4th quarter. First Eagle Investment Management LLC now owns 967,976 shares of the company's stock worth $35,157,000 after purchasing an additional 111,033 shares during the period. Finally, ABC Arbitrage SA purchased a new position in British American Tobacco during the 4th quarter worth $31,480,000. Institutional investors and hedge funds own 16.16% of the company's stock.

British American Tobacco Stock Performance

British American Tobacco stock traded up $0.32 during trading hours on Thursday, reaching $41.14. 3,749,315 shares of the stock were exchanged, compared to its average volume of 4,480,499. The stock has a market cap of $85.21 billion, a P/E ratio of 8.45 and a beta of 0.50. The firm's 50 day moving average is $39.67 and its 200 day moving average is $37.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $42.74.

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British American Tobacco Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be given a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco's payout ratio is currently 60.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group upgraded shares of 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 report on Monday, February 17th.

British American Tobacco Company 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.