Virtu Financial LLC Sells 94,051 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Virtu Financial LLC reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 91.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,234 shares of the company's stock after selling 94,051 shares during the quarter. Virtu Financial LLC's holdings in British American Tobacco were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC increased its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Raymond James Financial Inc. bought a new position in British American Tobacco during the 4th quarter worth about $55,620,000. ABC Arbitrage SA acquired a new stake in shares of British American Tobacco in the 4th quarter valued at about $31,480,000. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco in the third quarter valued at about $28,183,000. Finally, Bridgewater Associates LP acquired a new position in shares of British American Tobacco during the third quarter worth about $27,118,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BTI shares. 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 shares of British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday, February 17th.

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British American Tobacco Stock Down 0.6 %

BTI traded down $0.26 on Tuesday, hitting $41.12. 3,910,100 shares of the company were exchanged, compared to its average volume of 4,577,545. The stock's fifty day moving average is $40.05 and its 200-day moving average is $37.67. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $42.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market cap of $85.16 billion, a PE ratio of 8.44 and a beta of 0.50.

British American Tobacco Announces Dividend

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

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.